Chapter 4: Demand
"Change in Demand"
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
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
Applied Content Standards (from the National Council on
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.
Students will be able to compare population statistics over
Students will analyze how changes in population can influence
Student Activity Answers
1-4: Teacher may prepare an answer sheet from the U.S. Census
Student Web Activity