Law of Supply and Demand Activity – Economics Business Entrepreneur Class Lesson

Description

This SUPPLY AND DEMAND resource is a great way to educate students on the law of supply and demand. A critical thinking activity on supply and demand is also included.

Other economic vocabulary terms are learned such as:

• Equilibrium
• Market clearing price
• Price elasticity of demand
• Demand
• Income effect
• Giffen Goods
• Inferior Goods
• Substitution effect
• Veblen Goods
• Law of supply
• Cost squeeze
• Price elasticity of supply

This resource could be used in any Economics or Business class.

A NO PREP LESSON! Also Great for a Sub Day or Remote Learning Day!