4.1 What is Demand?
Unit 2 Lesson 1: What is Demand?
Main Idea
Demand is a willingness to buy a product at a particular price. An individual demand curve illustrates how the quantity that a person will demand varies depending on the price of the good or service.
Lesson Objectives
By the end of this lesson, students should be able to:
Demand is a willingness to buy a product at a particular price. An individual demand curve illustrates how the quantity that a person will demand varies depending on the price of the good or service.
Lesson Objectives
By the end of this lesson, students should be able to:
- Describe and illustrate the concept of demand.
- Describe how demand and utility are related.
Reading Assignment
Read pages 89-93 in Economics: Principles & Practices. Complete the Guided Reading Activity (print it) as you read. Turn it in after you have completed it.