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Grade 9-12
,
Lesson

Using Systems of Equations with Supply and Demand Application

Time: 60 mins,
Updated: April 11 2022,
Author: Jennifer Davidson
Teacher Version
Objective Standards Summary
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Objective

Students will be able to:

  • Define supply, demand, law of demand, and equilibrium.
  • Construct a supply and demand graph.
  • Compute the equation of a linear demand curve.
  • Compute the equation of a linear supply curve.
  • Compute the intersection of the supply curve and demand curve (confirm the equilibrium price and quantity) using a system of equations.

Standards

National Standards in Economics

State Standards

Common Core State Standards

Concepts

Demand, Markets and Prices
Subjects:
Economics,Math

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