Price Determination and Elasticity-GCSE Business Studies- Marketing - Full Lesson

This lesson / resource covers **The Market Mechanism, Price Elasticity of Demand ** and deals with the following learning objectives and been designed for GCSE Business Studies. This resource has one lesson.

Lesson Learning objectives/Outcomes:

• Understand Supply and Demand and how a price is determined in a market
• Understand the factors that might affect Supply and Demand and therefore Quantity Supplied / Demanded and Price
• Understand how price elasticity of demand has an effect on revenue

This download includes:

• Full Powerpoint
• 2 Graph tasks to plot Supply / Demand
• Table completion task
• Group work and discussion

All necessary resources to run the lesson are included in this download and all my lessons are for a double lesson i.e. to take around 1 hour and fifty minutes so they can be separated into two single lessons if required.

The aim of all my resources is to provide lessons / activities of good quality that will add value to your lessons / schemes of work without any extra planning.
All activities and resources have been used in class and any errors will be fixed and resources updated as soon as I am aware of any errors. I have priced my resources at what I consider to be a reasonable cost based upon the amount of effort and work I have put into them but all comments and suggestions are very welcome and will be used to improve future resources.

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