Grade 9-12
,
Activity

Normal and Inferior Goods

Time: 20 mins,
Updated: September 15 2021,
Author: Council for Economic Education
Teacher Version

Objective

Students will be able to:

  • Determine how income affects the demand for normal and inferior goods.

Standards

National Standards in Economics

State Standards

In this economics activity, students review how income affects demand for normal and inferior goods.

Resources

Procedure

This is an individual activity requiring students to predict how changes in income affect the demand for normal and inferior goods. To complete this activity, students need to follow the directions below:

  1. Watch a short video from Khan Academy called Normal and Inferior Goods
  2. Answer the questions reviewing the concepts in the Quizizz activity, Normal and Inferior Goods worksheet, or complete the ReadyAssessments Activity.
  3. Then, check the answer key.
Subjects:
Economics