1. ECONOMICS: September 21
--conclude Demand enrichment activity (HO from yesterday) (TURN IN) -enrichment: if done additional practice (see screen)
Learning Target
In order to better understand consumer D, I will explore the concept of D elasticity. I will know I have it when I can explain elastic and inelastic D: (1) on a D graph; (2) by calculating by using the total revenue (expenditures) test; and (3) by analyzing the determinants of D elasticity. Ch. 4, Lesson 3 Lecture Guide (HO) --elastic D vs. inelastic D: definitions
--total expenditures test
Atlanta Falcons concessions
--the graphs
--elasticity determinants
Closure: Why is it important for businesses to be aware of the D elasticity for the product they are selling?
Assignment: read Chapter 5, Lesson 1