Nature of Demand 📉

🎯 Learning Targets

• Describe how demand differs from the quantity demanded
• Explain what the law of demand states
• Explain what demand schedules and demand curves illustrate
• Individually and collaboratively, students will engage in planned inquiries to describe and demonstrate how the economic forces of scarcity and opportunity costs impact individual and household choices

⏰ What We Did

• Watched and took instructional notes on Lesson 3, Part 1: Nature of Demand
• Continued playing "Business Strategy," incorporating concepts from today's lesson into the game

⚙️ Resources

• Lesson 3 Instructional Notes
• Lesson 3, Part 1: Nature of Demand

💻 Homework

• Watch and take notes on Lesson 3, Part 2: Changes in Demand, before class tomorrow