Episode 2: Demand

This Episode 2: Demand video also includes:

How do people respond when the price of an item increases? Do they want more or less of that item? Young economists investigate the impact of the law of demand on the economy. A short video highlights the concept of prices in relation to consumer purchases while historians lead a discussion on how higher prices may negatively impact the demand curve.

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CCSS: Adaptable
Instructional Ideas
  • Assign short preview reading on the concept of the demand curve
  • Create a demand graph with the class using current prices on a single product over the past year (automobiles) 
Classroom Considerations
  • Lesson is the second in a 10-part Economic Lowdown series
Pros
Cons
  • None