Slide 16/5/2014CRC Microeconomics1 Slide 2 6/5/2014CRC Microeconomics2 What did you study last time? Chapter 5 Elasticities & Applications Elasticities Applications Slide…
Slide 1Chapter 6 – Price Cutler – Economics Slide 2 BELLRINGER What would happen if the government decided gas prices should be lowered by $2.50 per gallon? Slide 3 Section…
Slide 1 Slide 2 The Gilded Age The Gilded Age also known as the Golden Age But was it really Golden??? What would cause it to NOT be Golden? Corruption… political scandal……
Slide 1Dr. Romeyn The Bullis School Slide 2 The Gilded Age What led to the massive wealth and economic growth that characterized this time period? Who was left out financially?…
Slide 1Questions on Demand, Supply, Price Slide 2 What is the law of demand states Slide 3 As price goes up, demand goes down and as price goes down, demand goes up. This…
Slide 1Go Ahead…Take A Guess!! Slide 2 Prices convey information to both. What do high and low prices tell each? Prices help answer the (3) economic questions What do prices…