Activity 01
Market Role-Play: Law of Supply
Assign students roles as sellers of vegetables. Announce rising prices and have them note quantities they offer on worksheets. After 10 minutes, discuss how higher prices lead to more supply. Extend to plot a class supply schedule.
Explain the law of supply and its underlying assumptions.
Facilitation TipDuring Market Role-Play: Law of Supply, assign roles clearly and use price cards to ensure students connect their actions to the upward-sloping curve visually.
What to look forPresent students with a scenario: 'The price of raw cotton has increased significantly.' Ask them to draw the likely impact on the supply curve for textiles and explain in one sentence why the curve shifted.