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QR Challenge: Economics- Chapter 4 Review- Demand- Practice

Created using the ClassTools QR Treasure Hunt Generator

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Teacher Notes

A. Prior to the lesson:

1. Arrange students into groups. Each group needs at least ONE person who has a mobile device.

2. If their phone camera doesn't automatically detect and decode QR codes, ask students to

3. Print out the QR codes.

4. Cut them out and place them around your class / school.

B. The lesson:

1. Give each group a clipboard and a piece of paper so they can write down the decoded questions and their answers to them.

2. Explain to the students that the codes are hidden around the school. Each team will get ONE point for each question they correctly decode and copy down onto their sheet, and a further TWO points if they can then provide the correct answer and write this down underneath the question.

3. Away they go! The winner is the first team to return with the most correct answers in the time available. This could be within a lesson, or during a lunchbreak, or even over several days!

C. TIPS / OTHER IDEAS

4. A detailed case study in how to set up a successful QR Scavenger Hunt using this tool can be found here.

Questions / Answers (teacher reference)

Question

Answer

1. Define DemandWhen a consumer is able and willing to buy a good
2. The Interaction of Supply and Demand determinesthe price
3. What are inferior goods?Goods that don't follow the Income Effect
4. If prices will increase in the future, then current demand willIncrease
5. What does a Demand Schedule showquantities and prices demanded for GS
6. Describe what the Baby Boomers did to demand for Goods and ServicesEssay
7. When the demand for a product is inelasticEssay
8. What is the basic principle of the law of demandp goes up d down inverse
9. If prices increase what effect does it have on salaryessay
10. What term describes demand with an elasticity of less than 1?Elastic Demand
11. Define Substitute Good and give examplegood =elastic demand can be replaced
12. How does the Income effect change the demand for normal goodsEssay
13. Why are some goods called Inferior Goods?IGdo not follow the income effect.
14. What do we call goods that have substitutes and follow the Income effectNG
15. Explain the “Paradox of Value” and give two goods as examplesEssay

 


Economics- Chapter 4 Review- Demand- Practice: QR Challenge

https://www.classtools.net/QR/decode.php?text=Define_Demand

Question 1 (of 15)

 


Economics- Chapter 4 Review- Demand- Practice: QR Challenge

https://www.classtools.net/QR/decode.php?text=The_Interaction_of_Supply_and_Demand_determines

Question 2 (of 15)

 


Economics- Chapter 4 Review- Demand- Practice: QR Challenge

https://www.classtools.net/QR/decode.php?text=What_are_inferior_goods?

Question 3 (of 15)

 


Economics- Chapter 4 Review- Demand- Practice: QR Challenge

https://www.classtools.net/QR/decode.php?text=If_prices_will_increase_in_the_future,_then_current_demand_will

Question 4 (of 15)

 


Economics- Chapter 4 Review- Demand- Practice: QR Challenge

https://www.classtools.net/QR/decode.php?text=What_does_a_Demand_Schedule_show

Question 5 (of 15)

 


Economics- Chapter 4 Review- Demand- Practice: QR Challenge

https://www.classtools.net/QR/decode.php?text=Describe_what_the_Baby_Boomers_did_to_demand_for_Goods_and_Services

Question 6 (of 15)

 


Economics- Chapter 4 Review- Demand- Practice: QR Challenge

https://www.classtools.net/QR/decode.php?text=When_the_demand_for_a_product_is_inelastic

Question 7 (of 15)

 


Economics- Chapter 4 Review- Demand- Practice: QR Challenge

https://www.classtools.net/QR/decode.php?text=What_is_the_basic_principle_of_the_law_of_demand

Question 8 (of 15)

 


Economics- Chapter 4 Review- Demand- Practice: QR Challenge

https://www.classtools.net/QR/decode.php?text=If_prices_increase_what_effect_does_it_have_on_salary

Question 9 (of 15)

 


Economics- Chapter 4 Review- Demand- Practice: QR Challenge

https://www.classtools.net/QR/decode.php?text=What_term_describes_demand_with_an_elasticity_of_less_than_1?

Question 10 (of 15)

 


Economics- Chapter 4 Review- Demand- Practice: QR Challenge

https://www.classtools.net/QR/decode.php?text=Define_Substitute_Good_and_give_example

Question 11 (of 15)

 


Economics- Chapter 4 Review- Demand- Practice: QR Challenge

https://www.classtools.net/QR/decode.php?text=How_does_the_Income_effect_change_the_demand_for_normal_goods

Question 12 (of 15)

 


Economics- Chapter 4 Review- Demand- Practice: QR Challenge

https://www.classtools.net/QR/decode.php?text=Why_are_some_goods_called_Inferior_Goods?

Question 13 (of 15)

 


Economics- Chapter 4 Review- Demand- Practice: QR Challenge

https://www.classtools.net/QR/decode.php?text=What_do_we_call_goods_that_have_substitutes_and_follow_the_Income_effect

Question 14 (of 15)

 


Economics- Chapter 4 Review- Demand- Practice: QR Challenge

https://www.classtools.net/QR/decode.php?text=Explain_the_“Paradox_of_Value”_and_give_two_goods_as_examples

Question 15 (of 15)