Student knowledge and understanding of demand and supply schedules are assessed. Also assessed is their knowledge and understanding of the means by which market equilibrium is reached and how changes in supply and demand affect market equilibrium.
Before the Activity
See the attached Activity PDF file for detailed instructions for this activity.
Print the appropriate pages from the Activity for your class.
Using the Teacher Instructions for Assessing Demand, Supply and Market Equilibrium, conduct a class review session. Remind the students to review their vocabulary and their notes.
During the Activity
Distribute the appropriate pages from the Activity to your class
Follow the procedures outlined in the Activity
Analyze the roles that supply and demand play in determining how much is produced and at what price.
After the Activity
Discuss the assessment and answers.