{"id":7337,"date":"2012-03-15T09:05:41","date_gmt":"2012-03-15T13:05:41","guid":{"rendered":"http:\/\/blog.dearbornschools.org\/farhoua\/?p=7337"},"modified":"2012-03-15T09:05:41","modified_gmt":"2012-03-15T13:05:41","slug":"economics-31512","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2012\/03\/15\/economics-31512\/","title":{"rendered":"Economics &#8211; 3\/15\/12"},"content":{"rendered":"<p><strong>I.\u00a0 Bellwork:<\/strong><\/p>\n<p>Determine whether the demand for the product is <span style=\"text-decoration: underline\">elastic<\/span>, <span style=\"text-decoration: underline\">unit elastic<\/span>, or <span style=\"text-decoration: underline\">inelastic<\/span> based on the information in each case below.\u00a0 <span style=\"text-decoration: underline\">Show your work.<\/span>\u00a0 <span style=\"text-decoration: underline\">Write Questions and Answers.<\/span><\/p>\n<p style=\"padding-left: 30px\">If 5,000 units of a product are sold at a price of $20.00, and the price is later:<\/p>\n<ol>\n<li>increased to $30.00 resulting in 4,200 units being sold, demand is\u2026\u2026<\/li>\n<li>increased to $40.00 resulting in 2,500 units being sold, demand is\u2026\u2026<\/li>\n<li>reduced to $15.00 resulting in 6,500 units being sold, demand is\u2026\u2026<\/li>\n<li>reduced to $10.00 resulting in 10,000 units being sold, demand is\u2026\u2026<\/li>\n<li>reduced to $18.00 resulting in 8,000 units being sold , demand is\u2026\u2026<\/li>\n<\/ol>\n<p><strong>II. Objective<\/strong><\/p>\n<ul>\n<li><strong><\/strong>Examine the importance of entrepreneurs in the economy as they attempt to obtain capital and financing.<\/li>\n<li>Observe how factor markets and product markets operate.<\/li>\n<\/ul>\n<p><strong>III.\u00a0 Classwork-Shark Tank-Video link below questions<\/strong><\/p>\n<p style=\"padding-left: 30px\"><a href=\"https:\/\/abc.go.com\/watch\/shark-tank\/SH559076\/VD55178914\/week-8\">https:\/\/abc.go.com\/watch\/shark-tank\/SH559076\/VD55178914\/week-8<\/a><\/p>\n<p>A.\u00a0 Write down these <span style=\"text-decoration: underline\">questions <\/span>to <span style=\"text-decoration: underline\">answer <\/span>for each entrepreneur and <span style=\"text-decoration: underline\">turn them in today.<\/span><\/p>\n<ol start=\"1\">\n<li>What is the <strong>product\/service<\/strong> or <strong>idea<\/strong>?<\/li>\n<li>What is the entrepreneur asking for and what are they willing to give up?<\/li>\n<li>What decision was made?<\/li>\n<li>What is your opinion?<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0 Bellwork: Determine whether the demand for the product is elastic, unit elastic, or inelastic based on the information in each case below.\u00a0 Show your work.\u00a0 Write Questions and Answers. If 5,000 units of a product are sold at a price of $20.00, and the price is later: increased to $30.00 resulting in 4,200 units [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-7337","post","type-post","status-publish","format-standard","hentry","category-economics-w2012"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/7337","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=7337"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/7337\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=7337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=7337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=7337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}