Lesson Overview
Students will examine determinants of supply and demand in creating price signals during an emergency. Students will apply these determinants to products affected during the early months of the coronavirus pandemic.
Students will examine determinants of supply and demand in creating price signals during an emergency. Students will apply these determinants to products affected during the early months of the coronavirus pandemic.
The teacher should label the four corners of the room with the four corners posters in advance if possible. It may be helpful for students to conceptually understand supply, demand, and how market equilibrium price and quantity are determined.
Hand sanitizer four corners activity
Vocabulary preview
Sanitizer excerpt reading and application
Check for understanding
Determinants of demand
Practicing with determinants of demand
Determinants of supply
Determinants of supply practice
Price‐gouging excerpt
Exit Ticket