Blog

Law of Supply

Jim Riley

10th October 2012

Here is a wonder article from the BBC which helps teaching the Law of Supply to your AS Economists or indeed your IB sets. There is also a video clip here which shows how wet weather can also affect crops of potatoes.

You could tweak this Q&A article for a homework and use graph to help demonstrate why the volitity of the price of wheat effects us all. A great table at the bottom of this article shows the concept of over or under production and it's consequences.

Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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