Hey Folks! This week, we will learn that demand is more than a desire to buy something: it is the ability and willingness to actually buy it. We will be learning more about how demand operates in the marketplace, the factors that affect it, and the elasticity of demand.

Here’s what you need to know:

Classes: Monday/Wednesday, 10:15 – 10:45 AM

Zoom ID: 723 9635 0716

*as always, please see Teams for the password.

Weekly Objectives

Topic 4.1 What Is Demand?: Describe and illustrate the concept of demand. Explain how demand and utility are related.

Topic 4.2 Factors Affecting Demand Objectives: Explain what causes a change in quantity demanded. Describe the factors that could cause a change in demand.

Topic 4.3 Elasticity of Demand: Explain why elasticity is a measure of responsiveness. Analyze the elasticity of demand for a product. Understand the factors that determine demand elasticity.

New Assignments Due 9/21

1. Topic 4.1 What Is Demand?
2. Topic 4.2 Factors Affecting Demand Objectives
3. Topic 4.3 Elasticity of Demand

Late Assignments (not acceptable after 9/21 at 8:00 AM)

1. Topic 3.1 Forms of Business Organization
2. Topic 3.2 Business Growth and Expand
3. Topic 3.3 Nonprofit Organizations