Activity 01
Demand Determinant Scenarios
Present students with various real-world scenarios, such as a celebrity endorsing a product or a sudden decrease in the price of a competing good. Students work in small groups to identify the relevant determinant of demand and predict whether the demand curve will shift left or right, justifying their reasoning.
Analyze how changes in income affect the demand for normal versus inferior goods.
Facilitation TipDuring the Carousel Brainstorm, ensure groups rotate promptly and that each station has a clear, concise prompt related to a specific determinant.