Lesson 3: Equilibrium and Market Changes
Duration of Days: 3
Lesson Objective
Students will determine equilibrium and analyze how changes in supply and demand affect price and quantity.
How do supply and demand work together? What happens when market conditions change?
D2.Eco.4.9-12
D2.Eco.8.9-12
CCSS.ELA-LITERACY.RH.11-12.7
CCSS.ELA-LITERACY.WHST.11-12.2
Students graph supply and demand together, identify equilibrium, and analyze market scenarios involving shifts in demand, shifts in supply, and changes in equilibrium outcomes. DOK Level 3
Step-by-step graphing process, cause-change-result organizer, peer collaboration, guided practice
Market analysis questions and graphing activity