Tuesday, April 21, 2015

Post date: Apr 21, 2015 8:2:16 PM

Today in class, we focused on the 6 factors that can cause a shift in demand and elasticity of demand. The teacher used a PowerPoint with examples to prompt student responses.

Students worked with a partner to identify how the 6 factors could cause a shift of demand at a bicycle shop (see handout that goes along with PPT). Student answers were discussed as a class.

Class ended with the teacher posing a problem about elasticity on the board (PPT). Students are to come prepared to class to answer the question about elasticity of demand and airline tickets.

Homework:

1. At this point, students should have read and taken notes in their notebook on Ch. 4 Demand (Sections 1-3) and Ch. 5 Supply (Sections 1-3) - teacher has not yet assigned Section 4 of Supply Chapter

2. Bring your textbook to class on Thursday.