Elasticity reviewarticles fri04112014

242 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
242
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
3
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Elasticity reviewarticles fri04112014

  1. 1. 70 # Hot dogs made Define the following (in your own words): 1. Elastic demand 2. Inelastic demand 3. How might price influence either one? Bellringer – half sheet04/11/14
  2. 2. 70 # Hot dogs made Review • Video (video from Investopedia on Elasticity)
  3. 3. 70 # Hot dogs made Elastic? / Inelastic?
  4. 4. 70 # Hot dogs made Elastic? / Inelastic?
  5. 5. 70 # Hot dogs made Elastic? / Inelastic?
  6. 6. 70 # Hot dogs made Elastic? / Inelastic?
  7. 7. 70 # Hot dogs made Elastic? / Inelastic?
  8. 8. 70 # Hot dogs made 4 Stations Articles • Each of you will go to one of the four stations. • Read each article at the station • For each article - on a piece of paper label the market and tell me: • Is the product Elastic / Inelastic • Graph what is happening to demand / supply 1. ORANGE 2. BLUE 3. RED 4. GREEN
  9. 9. 70 # Hot dogs made Closure Questions Identify if these items have an elastic or inelastic demand 4. Insulin 5. Limo 6. Fresh produce 7. Toilet paper 8. University / College 9. Prescription Drugs 10. Water 11. Salpointe H.S. 12. Gasoline 13. Iphones 14. Prom Tickets 15. Pencils 16. College text books 17. Soda 18. Bicycle

×