1. Lesson Objectives
Must learn: What determines the balance of supply and demand
Should learn: The purpose of understanding how supply and demand works
Could learn: To evaluate the effects of price changes in raw materials and energy costs to supply and demand

2. Starter Give a definition of the meaning of:-
Supply is……………………………………………
Demand is…………………………………………

3. Starter

4. Buyers & Sellers

5. Commodity Market

6. Commodity Market - Activity

7. Supply & Demand Video

8. Supply

9. Demand

10. Equilibrium Point

11. Increasing Supply

12. Decreasing in Supply

13. Decreasing in Demand

14. Increasing in Demand

15. Key Terms

16. Key Terms

17. Task 1 –
Supply & Demand Worksheet

18. Plenary

19. Plenary

20. Homework
Do a supply and demand diagram for Blackberry. Then write a short paragraph explaining what the supply and demand diagram is showing.