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    Applied Econ Week5-6-Answer

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    Hershey Caron
    This document contains three activities related to organizational management and economics. The first activity contains true/false questions about supply and demand curves. It covers the relationships between price and quantity supplied/demanded. The second activity asks the reader to analyze a problem about the price and quantity of hamon rising in December. The reader explains this is a shift in the demand curve, not a violation of the law of demand, because of seasonal factors. The third activity is a reflective learning sheet where the reader discusses practicing financial discipline when consuming and only buying necessary items to sustain needs despite market challenges.

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    Applied Econ Week5-6-Answer

    Uploaded by

    Hershey Caron
    20 views2 pages
    This document contains three activities related to organizational management and economics. The first activity contains true/false questions about supply and demand curves. It covers the relationships between price and quantity supplied/demanded. The second activity asks the reader to analyze a problem about the price and quantity of hamon rising in December. The reader explains this is a shift in the demand curve, not a violation of the law of demand, because of seasonal factors. The third activity is a reflective learning sheet where the reader discusses practicing financial discipline when consuming and only buying necessary items to sustain needs despite market challenges.

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    applied econ week5-6-Answer

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    This document contains three activities related to organizational management and economics. The first activity contains true/false questions about supply and demand curves. It covers the relationships between price and quantity supplied/demanded. The second activity asks the reader to analyze a problem about the price and quantity of hamon rising in December. The reader explains this is a shift in the demand curve, not a violation of the law of demand, because of seasonal factors. The third activity is a reflective learning sheet where the reader discusses practicing financial discipline when consuming and only buying necessary items to sustain needs despite market challenges.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    20 views2 pages

    Applied Econ Week5-6-Answer

    Uploaded by

    Hershey Caron
    This document contains three activities related to organizational management and economics. The first activity contains true/false questions about supply and demand curves. It covers the relationships between price and quantity supplied/demanded. The second activity asks the reader to analyze a problem about the price and quantity of hamon rising in December. The reader explains this is a shift in the demand curve, not a violation of the law of demand, because of seasonal factors. The third activity is a reflective learning sheet where the reader discusses practicing financial discipline when consuming and only buying necessary items to sustain needs despite market challenges.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Module 3 2 Semester/Week 5-6

    nd

    ORGANIZATION AND MANAGEMENT


    Activity 1:True or False

    Directions: Write TRUE if the statement is correct and FALSE if incorrect.


    Write your answer before the number.
    TRUE 1.The upward slope of the supply curve illustrates the law of demand “higher price leads to a
    higher quantity supplied, and vice versa”.
    TRUE 2.The downward slope of the demand curve illustrates the law of supply—the inverse relationship
    between prices and quantity demanded.
    TRUE 3.Time is important to supply because suppliers must react quickly to a change in demand or price.
    TRUE 4.A shift in a demand or supply curve occurs when quantity demanded or supplied changes even
    though price remains the same.
    TRUE 5.The law of supply says that ―at higher prices, sellers will supply more of economic goods.

    Activity 2: Solving Problem and Critical Thinking Analysis

    Directions: Analyze the problem carefully. In December, the price of hamon rises and the number of hamon
    sold also rises. Is this a violation of the law of demand? Justify your answer.

    No, this is not a violation of the law of demand. It is not only a shift in the demand
    curve. The demand for "Hamon" rises in December, leading the curve to move to the right.
    This raises the price of Hamon and also the quantity of Hamon sold. Since it is in December
    and is seasonal, Hamon's has strong sales.

    Activity 3 REFLECTIVE LEARNING SHEET


    Module 3 2 Semester/Week 5-6

    As a consumer, I can sustain my needs despite the challenges in the market by buying things just when
    they are needed. I will be wise in terms of deciding on which items should I buy and will practice financial
    discipline. I will not have an irrational desire to go window shopping and end up purchasing high-end items that
    are not necessary. I will always keep in mind to prioritize my basic needs and stick to them. I should stick to the
    consumption limits in my essential needs or commodities. I will utilize my money to satisfy my needs at an
    affordable possible cost.

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