1. Market Demand & Supply
Unit 1
Topic 1.5.1

2. 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

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

4. Starter

5. Buyers & Sellers

6. Commodity Market

7. Commodity Market - Activity

8. Supply & Demand Video

9. Supply

10. Demand

11. Equilibrium Point

12. Increasing Supply

13. Decreasing in Supply

14. Decreasing in Demand

15. Increasing in Demand

16. Key Terms

17. Key Terms

18. Task 1 –
Supply & Demand Worksheet

19. Plenary

20. Plenary

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