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

Download a QR reader (e.g. I-Nigma | NeoReader | Kaywa ) onto their mobile devices
Bring these devices into the lesson.

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 Demand	When a consumer is able and willing to buy a good
2. The Interaction of Supply and Demand determines	the 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 will	Increase
5. What does a Demand Schedule show	quantities and prices demanded for GS
6. Describe what the Baby Boomers did to demand for Goods and Services	Essay
7. When the demand for a product is inelastic	Essay
8. What is the basic principle of the law of demand	p goes up d down inverse
9. If prices increase what effect does it have on salary	essay
10. What term describes demand with an elasticity of less than 1?	Elastic Demand
11. Define Substitute Good and give example	good =elastic demand can be replaced
12. How does the Income effect change the demand for normal goods	Essay
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 effect	NG
15. Explain the “Paradox of Value” and give two goods as examples	Essay