Lesson Plan

Oil Prices: Demand and Supply

Grade Level: 9-12 | PDF, 14 pgs.

Upon completion of this lesson, students will be able to list the determinants of demand and supply, recognize which factors will cause demand curves or supply curves to shift, determine equilibrium using a demand/supply graph, and show the effects on price and quantity when equilibrium changes. From the Inside the Vault article, "What Is Driving Oil Prices?."