Supply and Demand Jeopardy: https://drive.google.com/file/d/0B_gpVfHfuRG2YmVkSEJkNzFFVG8/edit?usp=sharing

TEST AND NOTEBOOK CHECK MONDAY!!!!!!

Big Apple Questions

1.  What is the price the apples are most frequently sold at in Round 3?

2.  In which round was there the greatest spread in price?

3.  Why did prices become more concentrated?

4.  Why did high profit takers have success?

5.  When half the sellers left the market, what changes did you experience?

6.  In Round 4 did prices go up?  If so, why?

7.  Can you relate the price changes in Round 4 to conditions in the national economy?

8.  What problems did you run into buying or selling?

9.  List 1 strategy that you employed to negotiate your prices.   Did your strategy work? Why or why not?

10. Based on your experiences in this game, explain the importance of supply and demand as a function of our society?

Exam Monday and Notebook check Monday

Unit 3 Notebook check
1. Demand Notes
2. Supply Notes
3. Supply Changes WS
4. 6.1 Questions
5. Elasticity Q's
6. Big Apple

Finished Big Apple Game

Graphing and questions tomorrow

Big Apple Game: See me for any makeup.  We are playing the game in class and will have questions/graphing when the game is completed.

Presented Rap Songs

HW:
PP. 98-99 #1-7, 10, 12
PP. 122-123 # 1-7, 11, 13

Supply/Demand Rap Song

Make a (school appropriate) rap song about supply and demand.
The song must be 20 lines long
It must rhyme.

You don't have to rap it to the class, HOWEVER, if you want 10 pts extra credit you can rap it to the class.

Elasticity Questions: https://docs.google.com/file/d/0B_gpVfHfuRG2TE9qcjZEaXY4LWs/edit?usp=drive_web

See Page 92 for examples on how to calculate elasticity