Supply and Demand
This activity focuses on having students create and solve a system of linear equations in a real-world setting. By solving the system, students will find the equilibrium point for supply and demand. Students should be familiar with finding linear equations from two points or slope and y-intercept. This resource addresses the learning expectation by examining the laws of supply and demand using slope intercept form and the laws of supply and demand. Students learn through hands on investigation to determine if the rates of change are positive or negative and they determine if the price falls, more product is bought and if the prices increases the less demand for a product results. Students can work together to complete the project. Students use this activity to work with systems of equations with two variables to solve the problems.
