Activity 01
Graphing Lab: Supply Curve Construction
Provide pairs with price-quantity data for Ontario apples from recent years. Students plot points on graph paper, connect them to form the curve, and label axes. They then predict quantity supplied at a new price and justify using cost concepts.
Explain why producers offer more goods at higher prices.
Facilitation TipDuring the Graphing Lab, circulate with colored pencils so students can trace cost curves before plotting supply, reinforcing the link between marginal cost and quantity supplied.
What to look forProvide students with a scenario: 'The price of maple syrup in Quebec has doubled.' Ask them to write two sentences explaining how this price change would affect the quantity of maple syrup supplied, referencing the law of supply.