Demand and Supply in action - The housing market
The housing market has seen six consecutive months of price increases suggesting an upturn. We have also seen the first annual percentage price rise, 2% on the previous year.
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Demand and Supply in action - Champagne affected by the recession
As a luxury good it is probably unsurprising to hear that the sales of champagne have dropped significantly.
Mnemonic Monday - Functions of the Price Mechanism
This weeks mnemonic will help students remember the functions of the price mechanism.
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Standing room only
Question - would you opt for a cheaper ticket on a plane if it meant you didn’t get a seat? I don’t think I would! Well one airline in China is considering submitting plans to the aviation regulator to allow some passengers to buy standing tickets.
read more...»A good year for the Rose - demand and supply revision
It is always nice to have good real world examples when teaching any of the topics in Economics. One such topic is shifts in supply due to weather - agriculture certainly doesn’t get our students excited! There has been an increase in the supply of roses this year due in part to a cold winter and a sunny May.
read more...»Super Starter Sunday - A-Z
As end of year exams approach, many of us will be revising with our classes. A good starter activity could be to get pupils to create an A-Z guide to demand and supply.
read more...»Q&A - Demand and Supply in action
Sales of strawberries in the 12 months to April were down 9.2%. The value of strawberries sold was also down by 3% to £390million. Have we fallen out of love with the strawberry?
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