“Economics: Supply and Demand” is a Social Studies lesson that focuses on understanding the law of supply and demand and its effect on prices in a market economy. The original informational text provides an overview of the definitions of supply and demand
Supply and Demand Unit Plan - Includes Six Full Lesson Plans
This complete unit plan bundles together my six full lesson plans on supply and demand, and it comes with the accompanying unit materials. The unit focuses on the principles of supply and demand, and it introduces students to the related concepts of price ceilings, price floors, and the elasticity of demand.
30-question assessment evaluates knowledge of basic economics concepts as well as ability to apply them to hypothetical situations. Concepts covered are choices; price; scarcity; allocation; command economy; first-come-first-served; rationing; lottery; market economy; natural, capital, & human resources; specialization; interdependency; trade; opportunity cost; competition; monopoly; production; division of labor; starting a business; law of supply; law of demand; and creating line graphs.