1. ECONOMICS: February 8
Warm-up: Graph how the following D Headlines will affect the D curve. (1) Analysts predict video game prices to increase at anytime. How will this impact the D for video games? (2) Price for fresh blueberries skyrockets—cold weather to blame. How will this impact the D for fresh strawberries?
--Demand enrichment activity (HO)
Learning Target
In order to understand the concept of supply (S), I will analyze the purpose behind the profit motive and the causes of S elasticity. I will know I have it when I can accurately depict on a S graph: (1) the relationship between P and Qs.
Ch. 5, Lesson 1 (Day 1) Student Lecture Guide (HO) --basic terminology; S schedule and S curve; profit motive
Assignment: read Chapter 5, Lesson 1