"Change in Demand"Introduction
Students have learned that several factors influence change
in demand. In this lesson, students will analyze statistics
regarding how changes in population can influence demand for
specific products.
Lesson Description
Students will use information from the U.S. Census Bureau
Web site to study current and projected population trends.
Students will also forecast how change in population influences
the demand for specific products.
Previous Knowledge Expected
Law of Demand: an inverse relationship between quantity
demanded and price Change in Demand: a change in the demand
schedule
Applied Content Standards (from the National Council on
Economic Education)
Standard 8: Demand for a product changes when there is
a change in consumers' incomes or preferences, or in the prices
of related goods or services, or in the number of consumers
in a market. An increase in the number of consumers in a market
increases demand. A decrease in the number of consumers in
a market decreases demand.
Instructional Objectives
Students will be able to compare population statistics over
time.
Students will analyze how changes in population can influence
demand. Student Activity Answers
1-4: Teacher may prepare an answer sheet from the U.S. Census
Bureau graphs. |
