Material Detail

Students use their class lecture notes in this variation of the think-pair-share technique to review the income and substitution effects associated with a price change, and reinforce their understanding of the law of demand.

• This exercise is designed for a principles of microeconomics course; however, intermediate instructors reviewing income and substitution effects might find it equally useful.
• When used throughout the semester, this technique is also useful for helping students better understand complex concepts and take accurate and complete notes.

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