Monday, January 9, 2017

Post date: Jan 11, 2017 4:12:55 PM

Today in class we debriefed the Diminishing Marginal Utility Activity that was completed on Friday (the factory making paper chain links).

Next, we discussed the difference between a change in quantity supplied (due to price) and a change in supply (6 factors that will lead producers to make more/less of the product or service at every price).

Students worked with a partner to complete the packet - "Graphing Supply Packet".

Homework:

1. Read and take notes on 5.4 (Elasticity of Supply)