Wednesday, August 30th, 2006
An Overview of Demand
Students shall be able to
state the relationship between opportunity cost and demand,
state the law of demand,
recognize the difference between a change in demand and a change in quantity demanded,
describe price elasticity of demand, and
apply the doctrine of price elasticity to a particular good,
View the "Demand on Market Street" video.
Students shall prepare a script to use tomorrow to conduct a survey of K.O. students to determine the level of demand for homecoming tickets.
Assignment: Prepare a script that your group will used to survey another class about their demand for homecoming dance tickets.
Monitor and adjust as needed. Check student group scripts and collect for use tomorrow.
TEKS involved: 1B, 3A, 5A, 7A, 10A, 10B, 15A, 16A, 20A, 20B, 21A, 21B, 23A, 23B, 24A, 24B, 25A