Market Basics: Demand, Supply, and Price Determination

Pupils are introduced to the concepts of supply and demand. Using the Law of Demand and Supply, they develop charts and graphic models of supply and demand. They compare and contrast the behavior of consumers and suppliers when there are price incentives present. They also illustrate the impact of the invisible hand of competition on these topics.

9th - 12th Social Studies & History 63 Views 81 Downloads
Resource Details

Social Studies & History
1 more...
Resource Type
Lesson Plans
Instructional Strategy
Inquiry-Based Learning

What Members Say

Irma O.
I am actually not a teacher, yet. I am a college student on my way to becoming a high school math teacher. Lesson Planet has been a lifesaver on several occasions. I have used it for everything from learning how to word a lesson plan to using a lesson plan I found on the site to teach a mini-lesson. I use it quite a bit now so I know it will be invaluable in my teaching career. It is great as it is and so easy to navigate.
Irma O.
Amarillo, TX