# BLOOM`S TAXONOMY

```BLOOM’S TAXONOMY
POP QUIZ
KNOWLEDGE
The _____________ states that, other
things remaining the same, if the price of
a good rises, the quantity demanded of
that good decreases and if the price of a
good falls, the quantity demanded of that
good increases.
COMPREHENSION
State the law of demand in your own words.
APPLICATION
Will an increase in the price of roller blades
lead to a decrease in the demand for roller
blades or a decrease in the quantity
demanded?
ANALYSIS

Bob enjoys reading the newspaper each
morning. This morning Bob said, &quot;The increase
in the price of the newspaper has decreased my
demand to only weekend mornings.&quot; As a
student of economics, you know that Bob's
statement is incorrect.


a. Rewrite Bob's statement making corrections were
necessary.
b. Discuss what was incorrect about Bob's statement
and how the changes you made in part (a) make the
statement correct.
SYNTHESIS
Graphically depict the affect on the Demand
Curve of a normal good when consumer’s
income increases.
EVALUATION
1.
2.
Evaluate the graph below. Defend the accuracy of
the graph using economic terms for each numbered
item.
Assume both D1 and D2 are the result of a single
event. Describe such a possible event detailing the
movement of demand.
```