"Change in Demand"Introduction
Students have learned that several factors influence change
in demand. In this lesson, students will analyze statistics
regarding how changes in population can influence demand for
specific products.
Lesson Description
Students will use information from the U.S. Census Bureau
Web site to study current and projected population trends.
Students will also forecast how change in population influences
the demand for specific products.
Previous Knowledge Expected Law of Demand: an inverse relationship between quantity
demanded and price Change in Demand: a change in the demand
schedule
Applied Content Standards (from the Council for
Economic Education)
Standard 1: Productive resources are limited. Therefore, people can not have all the goods and services they want; as a result, they must choose some things and give up others.
Instructional Objectives
- Students will be able to compare population statistics over
time.
- Students will analyze how changes in population can influence
demand.
Student Activity Answers
1-4: Teacher may prepare an answer sheet from the U.S. Census Bureau graphs. |