Lesson plan in Applied Economics

(Quarter I)

Elasticity of Demand
September 22, 2023
LEARNING
ELEMENT IN THE
DELIVERY ACTIVITIES ANNOTATION
MODALITY MODULE
Face to TOPIC Elasticity of Demand
Face CONTENT The learner demonstrates an understanding of…
STANDARD economics as an applied science and its utility in
addressing the economic problems of the country
PERFORMANCE The learners shall be able to … analyze and propose
STANDARD solution/s to the economic problems using the
principles of applied economics
LEARNING Determine the implications of market pricing on
COMPETENCY economic decision-making.
AND CODE ABM_AE12-Ie-h-6

REFERENCES ABM/GAS Applied Economics Grade11/12: Week

4: Module 1
https://www.slideshare.net/nehamapari/elasticity-of-
demand-34215148
PROCEDURES
PRELIMINARIES  Greetings
 Prayer
 Sanitizing
Students will ensure they have
facemask, hand gloves and
sanitizing kit.

The students will be oriented Objective 5 and 6

La Paz, Cabatuan, Isabela 3315
(078) 324-5950
lpnhs2003@gmail.com
in the rules in class and Using
the Squid Games Rules. The squid game
Students will be given cards rules will establish
which have the symbol of the safe and secure
Squid Games. The circle, the learning
square and triangle which environments to
corresponds to skill and task enhance learning
inside the class. that will motivate
Students will be given them to follow the
classroom rules.
http://lapaznhsisa.weebly.com
La Paz National High School
 numbers like in the squid
games that the identification of
the learner is just trough the
identifier number.

1. ENGAGE ACTIVITY 1:
My Needs to survive Squid
Game

Product Quantity
Needed
Food
Medicine
Water
Rope

Why did you choose those

items to survive the Squid
Game Marzanism Version?

Do You think all of you need

these items?

What if all of you want it but

there are only items available,
what do you think will
happen?

2. EXPLORE Activity 2: Objective 2:

Statistics of Price Gasoline
increase for 2019-2023 The statistical data
will help learners
QUESTION: to have a numeracy
skill through data
What the statistical data wants interpretation that
to convey? will also boost
their critical
Why the people still demand thinking.
for gasoline despite the
constant change in price and
higher price?
3. EXPLAIN Activity 3:
The Elasticity of Demand
Schedule and formula and
sample

Law of demand

Elasticity rules
4.ELABORATE Activity 4:

La Paz, Cabatuan, Isabela 3315 http://lapaznhsisa.weebly.com

(078) 324-5950 La Paz National High School
lpnhs2003@gmail.com
 Calculator Develop

 How to use the

Elasticity Calculator

5. EVALUATE Activity 5 Objective 3 and 2.

CASE Analysis The case analysis

will help the
The ALIMA’s Bakery learners to think
Scenario critically to solve
problems in the
real community
and in their real
context. It also
helps the learner
in their literacy
level, since critical
thinking is also
required to
analyze and
propose solutions
to community
problem.

Annotation:
The lesson plan used is 5E model. The 5E model is a planning tool for inquiry teaching that
provides a structure for students to connect ideas with their experiences and apply their
learning to new contexts.

The teacher used the 5E model to show learner-centered instruction which is

constructivism. Most of the activities centered on student’s experiences and they create their
own ideas. They compete each other to gain classroom experience that learning is
collaborative and enjoyable.

Prepared by:

CHRISTOPHER A. MARZAN
Teacher III

Checked by:

JOEL R. MALTU, EdD

Principal II

La Paz, Cabatuan, Isabela 3315 http://lapaznhsisa.weebly.com

(078) 324-5950 La Paz National High School
lpnhs2003@gmail.com
 ALIMAS BAKERY CASE

The Alimas Bakery Peanut Cookie Dilemma: Balancing Demand and Supply Elasticity

Alimas Bakery, a renowned peanut cookie supplier located in Isabela, has built a reputation
for producing high-quality peanut cookies that are not only beloved locally but also exported
to various countries. The bakery has been experiencing consistent growth in both domestic
and international demand for its peanut cookies.

Alimas Bakery sources its peanuts locally from farmers in Isabela, contributing to the local
agricultural economy. However, the peanut crop in Isabela is susceptible to weather-related
challenges, such as droughts and heavy rains, which can significantly affect peanut yields.
Additionally, global peanut prices have been fluctuating due to various factors, including
international trade policies and climate change impacts on peanut-growing regions
worldwide.

Alimas Bakery faces a dilemma in managing the balance between demand and supply
elasticity for its peanut cookies. On one hand, Alimas Bakery is under pressure to meet the
growing demand for its peanut cookies, both domestically and internationally. To do so, they
may consider raising the price of their cookies to compensate for increased production costs,
including potentially higher peanut prices due to poor local crop yields. However, this price
increase could lead to a decrease in demand, especially among price-sensitive customers and
international buyers.

On the other hand, if Alimas Bakery keeps the prices stable to maintain consumer loyalty
and attract new customers, they may risk experiencing peanut shortages during times of
low local crop yields or facing financial strain due to increased production costs.
Let us help Alima’s Bakery by getting the best amount for income based on price and
demand quantity and determine the equilibrium to the supply and demand.

La Paz, Cabatuan, Isabela 3315 http://lapaznhsisa.weebly.com

(078) 324-5950 La Paz National High School
lpnhs2003@gmail.com
 ALIMA’S BAKERY TABLE OF DEMAND AND SUPPLY

Price per QD income QS income

pack
50 10000 8000
65 9000 9000
80 7500 11000
82 6000 12000
95 3000 12500

1. At what price will the Alima’s Bakery will have a best amount of income?
_____________________________________________________________________
2. What price does the quantity of supply and demand of customers meet?
_____________________________________________________________________
3. Do you think the decision and response of Alima’s Bakery in price is elastic or
inelastic?
_____________________________________________________________________
4. Using the calculated data, what can you suggest to Alima’s Bakery to solve the
dilemma that the business experienced?
_____________________________________________________________________

La Paz, Cabatuan, Isabela 3315 http://lapaznhsisa.weebly.com

(078) 324-5950 La Paz National High School
lpnhs2003@gmail.com
 DEVELOP ELASTICITY CALCULATOR

QUANTIT MARGIN
%
% QUANTITY
CAHAN DEMANDED
Y TOTAL AL CHAN ELASTIC INTERPRETAT
PRICE GE IN
DEMAND REVENUE REVENU GE IN ITY ION
QUANTI 15
ED E PRICE
TY 10
0 N/A N/A N/A 5

0 #DIV/0! #DIV/0! #DIV/0! #DIV/0! 0

0 2 4 6 8 10 12
0 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
0 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
0 #DIV/0! #DIV/0! #DIV/0! #DIV/0!

QUANTITY SUPPLIED
% 12
QUANTIT MARGIN % 10
CAHAN
Y TOTAL AL CHAN ELASTIC INTERPRETAT
PRICE GE IN 8
SUPPLIE REVENUE REVENU GE IN ITY ION
QUANTI 6
D E PRICE
TY 4
2
0 N/A N/A N/A
0
0 #DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 2 4 6 8

0 #DIV/0! #DIV/0! #DIV/0! #DIV/0!

0 #DIV/0! #DIV/0! #DIV/0! #DIV/0!

La Paz, Cabatuan, Isabela 3315 http://lapaznhsisa.weebly.com

(078) 324-5950 La Paz National High School
lpnhs2003@gmail.com
 0 #DIV/0! #DIV/0! #DIV/0! #DIV/0!

IF < 1 INELASTIC
QUANTIT QUANTIT
Y Y
PRICE
SUPPLIE DEMAND
D ED IF = 1 UNITARY
45 100 160 IF > 1 ELASTIC
50 120 130
60 125 110
66 135 80
70 150 50

La Paz, Cabatuan, Isabela 3315 http://lapaznhsisa.weebly.com

(078) 324-5950 La Paz National High School
lpnhs2003@gmail.com