Start your students off right by building their comprehension of market demand with this engaging and multi-faceted activity!
This activity includes:
1) This "Market Demand" Activity includes 4 parts. It begins with a colorful graphic organizer that asks your students to define market demand and explain the factors that contribute to the inverse relationship between price level and quantity demanded. Next, students will use data and graphs provided to calculate the change in quantity demanded as price level changes, leading to a downward-sloping demand curve. Next, students will be asked to identify the 5 components of market demand and will critically think as to how several factors can influence demand. Finally, students will use their knowledge and a collection of data provided to analyze changes in the components of market demand, predict the effects of those changes, and then graph the changes on a demand graph provided.
This activity can be used in many different ways in the classroom. Students can work independently, in pairs, or this activity can be used as a jigsaw in order to facilitate a class-wide discussion about the topics discussed in the activity.
2) A detailed answer key to the lesson activity to save you time and help guide student comprehension.
This activity can also be found in a bundle paired with a PowerPoint, Keynote and PDF version of a fully customizable lecture found here:
If you like this activity, check out our Unit Activity Bundle that includes activities for all of the objectives in this unit.
Supply and Demand Unit Activity Bundle
Best of all, this activity aligns to our "Unit 1.1 - Market Demand" video lecture, which can be found here:
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