{"id":17739,"date":"2019-10-10T23:45:18","date_gmt":"2019-10-11T03:45:18","guid":{"rendered":"https:\/\/iblog.dearbornschools.org\/farhoud\/?p=17739"},"modified":"2019-10-10T23:45:23","modified_gmt":"2019-10-11T03:45:23","slug":"economics-10-11-19","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2019\/10\/10\/economics-10-11-19\/","title":{"rendered":"Economics &#8211; 10\/11\/19"},"content":{"rendered":"\n<p>I<strong>. Bellwork<\/strong><\/p>\n\n\n\n<p>A hot dog vendor  sold hot dogs for  2.00 and the quantity sold was 60.\u00a0 The vendor decided to raise the price to 2.50  and sold 40 hot dogs.\u00a0<\/p>\n\n\n\n<p>A.&nbsp; Using the total revenue test determine elasticity.&nbsp; (SHOW YOUR WORK)<\/p>\n\n\n\n<p>B.\u00a0 Using the\u00a0<strong>price elasticity of demand formula<\/strong> determine elasticity. (SHOW YOUR WORK)<\/p>\n\n\n\n<p><strong>II. Objectives<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Apply tests to determine elasticity based upon information provided<\/li><li>Review concepts and principles relating to demand, quantity demand, and elasticity of demand to address questions<\/li><\/ul>\n\n\n\n<p><strong>III.\u00a0 Classwork \u2013 <\/strong><\/p>\n\n\n\n<p>A. Review Sheet &#8211; <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Go over quizzes<\/li><li>Review Sheet<\/li><\/ul>\n\n\n\n<p><strong>IV.&nbsp; Chapter 4 Test on Monday \u2013 No notes<br><\/strong><\/p>\n\n\n\n<p><strong>V.&nbsp; Things to Review:<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.flashcardmachine.com\/machine\/?read_only=3090302&amp;p=2m4k\">A.&nbsp; Demand Curve Flash Cards<\/a><\/p>\n\n\n\n<p>B.&nbsp; Your iLearn Quizzes&nbsp; (I will open them from you to review on Friday)<\/p>\n\n\n\n<p>C:&nbsp; Kahoot Review<\/p>\n\n\n\n<p>D.&nbsp; Your Notes:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2014\/10\/Change-in-Quantity-Demand-Change-in-Demand-1.pdf\">Change in Quantity Demand &amp; Change in Demand-1<\/a><\/li><li><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2014\/10\/Brace-Map-Change-in-Quantity-Demand-1.pdf\">Brace Map Change in Quantity Demand<\/a><\/li><li><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2014\/10\/Determinants-of-Demand.pdf\">Determinants of Demand<\/a><\/li><li>Demand Schedule &amp; Demand Curve \u2013&nbsp;<a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2013\/10\/Figure-4.1.png\">Figure 4.1<\/a>&nbsp;(Notebook)<\/li><li>Elasticity Tests<\/li><\/ul>\n\n\n\n<p>IV.&nbsp;&nbsp;<a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2013\/03\/Chapter-4-Review1.pdf\">&nbsp;Chapter-4-Review<\/a>\u2013 Extra credit due Monday (must be complete)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I. Bellwork A hot dog vendor sold hot dogs for 2.00 and the quantity sold was 60.\u00a0 The vendor decided to raise the price to 2.50 and sold 40 hot dogs.\u00a0 A.&nbsp; Using the total revenue test determine elasticity.&nbsp; (SHOW YOUR WORK) B.\u00a0 Using the\u00a0price elasticity of demand formula determine elasticity. (SHOW YOUR WORK) II. [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17739","post","type-post","status-publish","format-standard","hentry","category-class-news"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/comments?post=17739"}],"version-history":[{"count":1,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17739\/revisions"}],"predecessor-version":[{"id":17740,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17739\/revisions\/17740"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=17739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=17739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=17739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}