Demand and Supply

The latest in the new series of PowerPoint resources aimed at assisting teachers with the delivery of the WJEC/Eduqas A-level Business specification. These slides and hand out are designed to support the delivery of the Component One topic of demand and supply diagrams. They analyse and explain the concepts of supply and demand, the influences acting upon each, what is meant by the equilibrium, the importance of supply and demand in the market, how a change in demand and supply can impact on price and quantity demanded and how to construct and interpret supply and demand diagrams. The slides contain the Quick Fire Five questions and also a practice essay (both with solutions). In addition to the main PowerPoint a PDF copy of the notes has been provided to assist with pupil hand outs.