Group items tagged

gcse economics - demand and supply - price equilibrium Price equilibrium is found where supply and demand are equal. This is the point where both sellers and buyers are happy with the price and quantity.

Exploring Supply and Demand First decide if the change affects demand, supply, or both, then decide how the price and quantity will be affected.

Supply and demand revision

Demand and supply match up quiz

Uses the product of Cadbury Dairy Milk (close to many people's hearts!) to get students to draw supply and demand curves. Also requires them to shift lines and considers the idea of a market not being in equilibrium. Also includes 2 short homework questions on a similar theme.

economics supply and demand economics

Market prices depend on levels of supply and demand. These levels rise and fall according to a number of factors, and can have a big impact on the success of a business.

1. Price Elasticity of Demand This measures the relationship between changes in price of a product and the change in demand for the product.

Clear, but just text - could be used as a reference for some independent learning (homework) - does include an 'Action' and has some side links for further study.

An explanation of supply and demand curves.

Economics explained, supply and demand outcomes

Supply and Demand in 3.5 Minutes

Short and sharp article that references demand and trends etc

Farm themed group excel activity which demonstrates the interaction between supply of a product and price. Easily modified for KS4 or 6th form. Seems to work well!

The Frozen Price Game Students are told that a hurricane has caused a major power outage, increasing the demand and decreasing the supply of ice. They then use two different methods to allocate ice:  first-come, first-served and price.  This game is a good way to demonstrate the advantages of price allocation.   Click here to download rules and materials.  Also see the Debate Topics page for a new debate over whether gasoline price-gougers should be punished.