Week #4

Complete the Ch. 4 Study Guide (Worth 38 points).

We begin with microeconomics in this lesson and will focus on the characteristics of demand, including conditions necessary for it to exist, changes in quantity demanded, changes in demand and an analysis of demand elasticity.


1. Read Chapter 4 Section 1 "What is Demand?"and answer Section 1 Review questions 1-4 ( worth 10 points ). Title your responses to this activity "Chapter 4 Section 1."

2. Read Chapter 4 Section 2 "The Law of Demand" and answer Section 2 Review questions 1-4 ( worth 15 points ). Title your responses to this activity "Chapter 4 Section 2."

3. Read Chapter 4 Section 3 "Elasticity of Demand" and answer Section 3 Review questions 1-5 on page 98 ( worth 12 points ). Title your responses to this activity "Chapter 4 Section 3."

Once you have completed all of this work ( worth 75 points altogether ), copy and paste your answers into ONE E-MAIL titled "Assignment 3 Homework." Be sure to include your full name at the top of your e-mail.

E-mail your work to Mr. Haskell at haskellgs@yahoo.com by Friday 3PM.