This is a 34-slide PowerPoint which covers the 2nd of 3 parts which make up Learning Aim C of Unit 1 (Exploring Business). This is D2 - Relationship between Demand, Supply and Price…
Teachers will be required to do no other work. These PowerPoints include questions and activities as well as videos and they have been written by a BTEC Moderator and used with hundreds of students across the years.
There is about 240 minutes worth of teaching in this PowerPoint.
The PowerPoint explores the intricate relationship between demand, supply, and price. It begins with an engaging question about how much one would pay for a can of Coca Cola versus Tesco Cola, highlighting the impact of price on demand.
Key Topics Covered:
Influences on Demand:
Affordability
Competition
Substitutes and Complementary Goods
Gross Domestic Product (GDP)
Tastes and Fashion
Demand Curve:
The demand curve illustrates the relationship between price and quantity demanded. As price falls, quantity demanded rises, and vice versa.
Influences on Supply:
Availability of Raw Materials and Labour.
Costs of Production.
Competition for Raw Materials.
Government Support.
New Technology.
Supply Curve
Price Elasticity of Demand (PED)
Significance of PED
The PowerPoint concludes by summarising the key influences on demand and supply and the concept of price elasticity of demand.
**Please look out for PowerPoints D1 and D3 which together with this one make up the whole of Learning Aim D for this Unit.
Discounted bundle: buy both PowerPoints and get a discounted rate of 33% off!**
In addition, look out for the bundle of the WHOLE UNIT at a SPECIAL DISCOUNT RATE!
Get this resource as part of a bundle and save up to 46%
A bundle is a package of resources grouped together to teach a particular topic, or a series of lessons, in one place.
Bundle
EDEXCEL PEARSON BTEC Business Level 3 - Unit 1 - Exploring Business - COMPLETE UNIT
BTEC Business Unit 1 (Exploring Business) - 14 Powerpoints, representing the **WHOLE UNIT** Every Learning Aim comprehensively covered and all materials written by an experienced teacher and BTEC Moderator. PowerPoints contain all the materials that your students will need and include activities, questions and videos to review and reinforce knowledge. 46% discount on cost of buying individual PowerPoints. Want individual Learning Aims or elements within them? Search for the individual Elements that you require.
£30.00
Bundle
EDEXCEL BTEC Business Level 3 - Unit 1 - Exploring Business - Complete Learning Aim D
These 3 PowerPoints represent the COMPLETE fourth element of Unit 1. In other words, this is everything you will require to teach Learning Aim D. The PowerPoints include activities, videos and questions and cover: D1 - Different Market Structures D2 - Relationship between Demand, supply and Price D3 - Pricing and Output Decisions 33% discount on cost of buying individual PowerPoints. Look out for the other parts of the Unit too!
£8.00
Something went wrong, please try again later.
This resource hasn't been reviewed yet
To ensure quality for our reviews, only customers who have purchased this resource can review it
Report this resourceto let us know if it violates our terms and conditions.
Our customer service team will review your report and will be in touch.
£4.00