Econ: Supply


1 Supply-wordcloud
Supply, like demand, is another important concept. Supply is defined as the quantities of output that producers will bring to market at each and every price. Like demand, supply can be presented in the form of a supply schedule, or graphically as a supply curve. Individual producers have their own supply curves, and the market supply curve is the sum of individual supply curves.

The Law of Supply states that more output will be offered for sale at higher prices and less at lower prices. A change in quantity supplied is represented by a movement along the supply curve, whereas a change in supply is represented by a shift of the supply curve to the left or right.

Supply elasticity is a measure of how responsive producers are to change in price. Supply elasticity is influenced by such factors as the availability and mobility of inputs, a producer’s storage capacity, and the time needed to adjust to a price change. A producer whose supply is elastic will likely respond to an increase in price with an increase in quantity supplied. A producer whose supply is inelastic is unable to respond to changes in price.

Arrows-02-june

Advertisements

HGov: Winning the Presidency


Winning-the=Presidency
John Stossel goes behind the scenes to show viewers what really goes into Winning the Presidency. From endless strategy sessions, to managing the message, to preparing for crucial debates, it’s all part of the presidential campaign. Veteran campaigners like Bob Beckel, Ed Rollins, Patti Solis Doyle, and Karl Rove share their war stories and reveal what really happens inside campaigns. Stossel exposes the strategy sessions, secret debate preparations, and what it takes to “manage the message”, telling the story that They want told. Campaigns are often won and lost based on “moments” the public remembers.

Stossel goes to a Romney rally to show what happens behind the curtain. Hundreds of people work for hours and hours to produce the political theater that gets voters to the polls. Nicole Busch reveals what life on the road is like and demonstrate the love/hate relationship between campaigns and the media. Neither side trusts the other, but they both need and feed off of each other.

The most high stakes events are the debates. Experts reveal what goes on in the secret debate prep sessions. Debate coaches who prepped a real President coach Stossel. Stossel learns from his debate prep that style and confidence often matter more than substance.

One thing is for sure: people don’t always vote based on their knowledge of the issues. Stossel learns this all too well when he shows people on the street pictures of prominent politicians. Many don’t even recognize the Vice President.

Misc-05-june

Econ: Demand Review



A demand curve shows all the prices and quantities at which consumers are willing and able to purchase a good or service. There is a difference between a change in demand and a change in quantity demanded. A change in quantity demanded is a movement along the demand curve and can be caused only by a change in the price of the good or service. At a lower price, a larger quantity is demanded. A change in demand is a shift in the curve whereby more or less is demanded at every price. Changes in tastes or preferences, incomes, expectations, population, or the prices of complementary or substitute goods will cause a change in demand.

Arrows-02-june

Teacher Inservice


teacher-inservice

6-week Progress Report


Progress-Report

HGov: Political Parties Review



Review: political party, party-centered politics, candidate-centered politics, party competition, two-party system, single-member districts, proportional representation, party coalition, party organization, nomination, primary election, service relationship, hard money, soft money, money chase, hired guns, air wars

Misc-05-june

Econ: Change in Demand Review



Review graphing demand, changes in quantity demanded, and changes in demand. A change in quantity demanded is a movement along the demand curve and can be caused only by a change in the price of the good or service. At a lower price, a larger quantity is demanded. A change in demand is a shift in the curve whereby more or less is demanded at every price. Changes in preferences incomes, expectations, population, or the prices of complementary or substitute goods will cause a change in demand.

Arrows-02-june