St.

Anthony’s College
San Jose, Antique
HIGH SCHOOL DEPARTMENT

APPLIED ECONOMICS

WEEKS 3 and 4

Learning Competencies:
At the end of the lesson, the learners…..
● Determine the implications of market pricing on economic decision-making;
____________________________________________________________________________
ACTIVITY 1
(COLLABORATIVE ACTIVITY- the same groupings)

ACTIVITY 1: DEMAND FUNCTION, DEMAND SCHEDULE, and

DEMAND CURVE

Directions:
● From the three (3) hypothetical equations for demand function given below, choose only
one (1).
● Think of a specific product/service and provide 5 different prices which is applicable for
the equation you have chosen.
● Use this formula to determine the relationship between five (5) different prices of a given
product/service and the quantity demanded. (Note: No negative numbers)
● Show the 5 solutions in determining the demand function.
● Then, create a demand schedule.
● The data/variables from the demand schedule will be plotted in a graph to show the
demand curve.
● Follow the examples in your handouts.
Hypothetical equations to choose from:
a. Qd= 650 – 15(P)
b. Qd= 1250 - 10(P)
c. Qd= 2350- 15(P)
 ➔ Varying prices of per cup of regular-sized Shake: ₱ 10, ₱ 20, ₱ 25, ₱ 35, and ₱ 50
➔ Given the hypothetical equation: Qd = 1,250 - 10 (P)
DEMAND FUNCTION

Solution 1 Solution 2 Solution 3 Solution 4 Solution 5

Qd = 1,250 - 10 (10) Qd = 1,250 - 10 (20) Qd = 1,250 - 10 (25) Qd = 1,250 - 10 (35) Qd = 1,250 - 10 (50)
Qd = 1,250 - 100 Qd = 1,250 - 200 Qd = 1,250 - 250 Qd = 1,250 - 350 Qd = 1,250 - 500
Qd = 1,150 Qd = 1,050 Qd = 1,000 Qd = 900 Qd = 750

➔ The demand function shows that as the price of Shake per cup increases, the number of
people who want to buy it decreases or the demand for the product decreases.

DEMAND SCHEDULE

Price per cup of a Cattleya Note Quantity demanded (Qd)

₱ 10 1,150

₱ 20 1,050

₱ 25 1,000

₱ 35 900

₱ 50 750
➔ The demand curve illustrates the inverse relationship between price and quantity
demanded.
ACTIVITY 2: SUPPLY FUNCTION, SUPPLY SCHEDULE, and SUPPLY CURVE
Directions:
● From the three (3) hypothetical equations for supply function given below, choose only
one (1).
● Think of a specific product/service and provide 5 different prices which is applicable for
the equation you have chosen.
● Use this formula to determine the relationship between five (5) different prices of a given
product/service and the quantity supplied. (Note: No negative numbers)
● Show the 5 solutions in determining the supply function.
● Then, create a supply schedule.
● The data/variables from the supply schedule will be plotted in a graph to show the supply
curve.
● Follow the examples in your handouts.
Hypothetical equations to choose from:
a. Qs= 140 + 20(P)
b. Qs= 750 + 30 (P)
c. Qs= 1500 + 45(P)
 ➔ Varying prices of Cattleya Note: ₱ 12, ₱ 15, ₱ 18, ₱ 20, and ₱ 22
➔ Given the hypothetical equation: Qs = 140 + 20 (P)
SUPPLY FUNCTION

If the P = 12, what is If the P = 15, what is If the P = 18, what If the P = 20, what If the P = 22, what is
the Qs? the Qs? is the Qs? is the Qs? the Qs?
Qs = 140 + 20 (12) Qs = 140 + 20 (15) Qs = 140 + 20 (18) Qs = 140 + 20 (20) Qs = 140 + 20 (22)
Qs = 140 + 240 Qs = 140 + 300 Qs = 140 + 360 Qs = 140 + 400 Qs = 140 + 440
Qs = 380 Qs = 440 Qs = 500 Qs = 540 Qs = 580

➔ The supply function shows that as the price of a Cattleya Note per piece increases, the
quantity supplied of the said product also increases.

SUPPLY SCHEDULE

Price per piece of a Cattleya Note Quantity supplied (Qs)

₱ 12 380

₱ 15 440

₱ 18 500

₱ 20 540

₱ 22 580
➔ The price and quantity supplied of a good are positively or directly related.
 YOU MAY WRITE YOUR ACTIVITES ON PIECES OF PAPER.
● When writing on a paper, please make sure that your penmanship is legible and the
photos are clear.
● Photos must be taken in a PORTRAIT-STYLE.

THIS PAGE IS TO BE FILLED-IN BY THE GROUP LEADER ONLY

SPECIFY THE CONTRIBUTION/S OF EACH GROUP MEMBER IN THE ACTIVITY:

GROUP LEADER: Jamila Mesha B. Ordonez

GROUP MEMBERS Contribution/s to the activity Rating

(0-15 pts.)
Joei Alexandra Villabert

Crisha Mariz Esquivel