August 30, 2016
What do you know about supply and
August 30, 2016
Market, Demand, Quantity Demanded
Market: an institution or mechanism, which
brings together buyers and sellers of
particular goods & services
September 7, 2016
Test in one day! How prepared are you?!?
REVIEW UNIT 1
Rules: No cheating! No phone, no notes, no nothing!
Write the answer on the white board. Do NOT show until asked!
What is the difference between scarcity
Extra! Extra! Tell us all about it!
Your Name: _
What is the Headline of your article: _
Is your article controversial? _ Yes _ No
What is the main point of the article? _
In your opinion, what are the two most significant statements (or qu
Bell work Sept. 12, 2016
people watch the Super Bowl
for one thing.the commercials.
Why do you think sponsors spend
millions of dollars to advertise on
Super Bowl Sunday?
Event Due Thurs. Sept. 22
Super Bowl Commercials
1967 it was $37,
Supply & Demand Quiz
1. Draw a demand curve.
2. Draw a curve shifting for automobiles in the following situations:
a. Consumers income drops. What happened to the demand for automobiles?
b. Price of automobiles expected to rise soon. What happens
Elasticity of Demand Practice
1. A 10 percent increase in income brings about a 15 percent decrease in the demand for a good. What is the
income elasticity of demand and is the good a normal good or an inferior good? Be able to explain your answer.
August 28th, 2015
Demand for Jackets
1) Increase: A new brand of jackets just came out. The designer claims that a new mate
August 26, 2015
01.03 Create a T-Chart
Use the T-chart below to help you organize information and identify costs and benefits. At the top of your chart, state your dilemma in the
form of a question. You should have a minimu