Market Mechanics: Supply and Demand · Supply & Demand

Law of Demand and Consumer Choice

Examining why consumers buy more at lower prices and the factors that shift demand curves.

Key Questions

  1. 1What incentives are driving this behavior when prices rise?
  2. 2How do changes in income change our definition of necessity?
  3. 3Who benefits and who bears the costs when consumer tastes shift rapidly?

Ontario Curriculum Expectations

ON: The Individual and the Economy - Grade 11ON: Market Interactions - Grade 11
Grade: Grade 11
Subject: Economics
Unit: Market Mechanics: Supply and Demand
Period: Supply & Demand

Suggested Methodologies

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