Activity 01
Demand Determinant Scenarios
Present students with hypothetical scenarios describing changes in income, prices of related goods, or consumer tastes. Students work in small groups to identify the relevant determinant and predict whether the demand curve for a specific product will shift left or right, justifying their reasoning.
Differentiate between a change in quantity demanded and a change in demand.
Facilitation TipDuring the Case Study Analysis, prompt students to identify specific causal links between the case events and the demand determinants, ensuring they are analyzing, not just summarizing.