WEEKLY LEARNING LOG

Name: Franchesca Dyne M. Romarate Student No.: 2020-65844 Page No. ___

Unit and Evaluation of

Date and Time I have learned that… I have a question about…
Module the Module
Date: May 24, UNIT 6 Elasticity is the ratio of the percentage change ● Upon increasing the quantity supplied 1. SA
2021 in dependent and independent variables. This due to an increase in own price, do we 2. SA
Start Time: 10:00 concept is also present in the supply just like the expect less losses? 3. SA
End Time: 11:30 demand in the previous chapter. Elasticity of
supply refers to how responsive the quantity
supplied of a good or service is if there is a
change in the own price of a particular product,
wage and interest rate. Elasticity of Supply can
also be graphically represented and interpreted
as Perfectly inelastic, Inelastic, Unitary elastic,
Elastic and Perfectly Elastic. This module
helped in determining the point of elasticity of
supply by using the formula ∆ Q/Q / ∆ P/P. I
also learned in this module the flow of
computation as well as the interpretation of
values obtained upon computing. Furthermore, I
was able to practice myself in getting elasticity
of supply in different situations such as in own
price, wage elasticity of supply labor and
interest rate elasticity of supply of loanable
funds. Under linear form of s supply, I have
learned that errors can be accounted for through
epsilon which I didn’t know honestly.
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If you are not yet evaluating a module because you are still studying it, just leave the cell blank.
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1. More time should be allowed for this module.
2. The module contains too many contents.
3. I find the module useful or practical.
SA (Strongly Agree), A (Agree), D (Disagree), SD (Strongly Disagree)

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