We will be working on the Laws of Supply and Demand for the next two weeks or so. Here is
11-12-15 Demand – I can explain the law of demand and the effect price has on consumer demand.
11-13 Demand-I can write a summary of the law of demand and analyze the change/s in price that occur when a substitute or complimentary good/service is available.
11-16 Demand- I can analyze how the price of a good/service is related to it’s demand through three measures of responsiveness called elasticity.
11-17 Demand- I can describe how responsive a product is to change in price by using the three different examples of elasticity; unit elastic, elastic, and inelastic.
11-18 Supply- I can write a summary of the law of supply.
11-19 Supply- I can create a graphic organizer to organize the concepts of how pricing and supply are linked to encourage producers to sell as many goods as possible at the highest prices possible.
11-20 Supply- I can describe how the law of supply and the law of demand are inversely related when considering the perspectives of both buyers and sellers in the marketplace.
11-23 or 11-24 Argument Essay – Should Drones (UAV’s) be Illegal?