Lyceum of Southern Luzon, Inc.

Brgy. Tejero, San Luis, Batangas

HIGH SCHOOL DEPARTMENT

A.Y. 2024 – 2025

DAILY LESSON PLAN

SENIOR HIGH SCHOOL DEPARTMENT

NAME OF TEACHER : Mary Christine C. Salazar SUBJECT : Applied Economics

GRADE : 12 SEMESTER : 2nd SCHOOL YEAR : 2024-2025

TIME/DAY MONDAY TUESDAY WEDNESDAY THURSDAY

January 20, 2025 January 21, 2025 January 22, 2025 January 23, 2025
8:20-9:20 ABM XII ABM XII ABM XI ABM XI
8:20-9:20 GAS XII GAS XII GAS XI GAS XI

FIRST (1ST) DAY SECOND (2ND) DAY THIRD (3RD) DAY FOURTH (4TH) DAY
I.LEARNING OBJECTIVES  The learner demonstrates  The learner demonstrates an  The learner demonstrates an
an understanding of… understanding of… understanding of…
economics as an applied economics as an applied economics as an applied
science and its utility in science and its utility in science and its utility in
addressing the economic addressing the economic addressing the economic
problems of the country. problems of the country. problems of the country.
 The learners shall be able  The learners shall be able to  The learners shall be able to
to … analyze and propose … analyze and propose … analyze and propose
solution/s to the economic solution/s to the economic solution/s to the economic
problems using the problems using the principles problems using the principles
principles of applied of applied economics. of applied economics.
economics.
II.SUBJECT CONTENT MARKET DEMAND MARKET DEMAND MARKET SUPPLY
III.REFERENCES
A. Teacher’s
Guide Pages
B. Learner’s
Materials
Pages
C. Textbook
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 Lyceum of Southern Luzon, Inc.
Brgy. Tejero, San Luis, Batangas

HIGH SCHOOL DEPARTMENT

A.Y. 2024 – 2025
Pages
D. Additional Deped K To 12 Curriculum Guide, Deped K To 12 Curriculum Guide, Applied Deped K To 12 Curriculum Guide, Applied
Materials Applied Economics 1. 2016. Economics 1. 2016. Economics 1. 2016.
IV.PROCEDURES
A. IINTRODUCTION
1.Preparatory
Activities
2.Reviewing the a. Greet the students and review c. Greet the students and review a. The teacher will start by
past lesson the previous lesson on the the previous lesson on the basic reviewing the previous lesson
basic principles of economics. principles of economics. about analyzing market demand.
b. Introduce the new lesson on d. Introduce the new lesson on The teacher will ask students to
market demand. market demand. recall the concepts and skills they
learned in the previous lesson.
3.Motivation The teacher will explain to the
Explain the objectives of the Explain the objectives of the lesson students that the purpose of the
lesson and the importance of and the importance of analyzing lesson is to understand the concept
analyzing market demand. market demand. of market supply and how it affects
the market equilibrium.
4.Establishing a purpose Provide examples of how changes Provide examples of how changes in a. The teacher will provide an
for the lesson in income, price of related goods, income, price of related goods, and example of a product that is
and consumer preferences affect consumer preferences affect market commonly supplied in the
market demand. demand. market, such as fruits,
vegetables, or gasoline.
Changes in income, price of Changes in income, price of related The teacher will explain to the
related goods, and consumer goods, and consumer preferences students how the supply of the
preferences can all affect the can all affect the market demand for product is determined by factors
market demand for a good or a good or service. Here are some such as the cost of production,
service. Here are some examples examples of how each of these technology, and government
of how each of these factors can factors can impact demand: policies.
impact demand: III. Income: If there is an
I. Income: If there is an increase in income,
increase in income, consumers may have more
consumers may have purchasing power and
more purchasing power demand more of a good or
and demand more of a service. For example, if
good or service. For people start earning more
example, if people start money, they may buy more
earning more money, they luxury goods or services,
Brgy. Tejero, San Luis, Batangas ● Tel. No. (043) 740-9403 ● E-mail : [email protected]
 Lyceum of Southern Luzon, Inc.
Brgy. Tejero, San Luis, Batangas

HIGH SCHOOL DEPARTMENT

A.Y. 2024 – 2025
may buy more luxury such as expensive cars,
goods or services, such as vacations, or fine dining
expensive cars, vacations, experiences. Conversely, if
or fine dining experiences. there is a decrease in income,
Conversely, if there is a consumers may have less
decrease in income, purchasing power and
consumers may have less demand less of a good or
purchasing power and service.
demand less of a good or IV. Price of related goods: The
service. price of related goods can
II. Price of related goods: also impact the demand for a
The price of related goods particular good or service.
can also impact the There are two types of
demand for a particular related goods: substitutes
good or service. There are and complements.
two types of related Substitutes are goods or
goods: substitutes and services that can be used in
complements. Substitutes place of one another, while
are goods or services that complements are goods or
can be used in place of services that are used
one another, while together. If the price of a
complements are goods or substitute good increases,
services that are used consumers may switch to a
together. If the price of a cheaper alternative,
substitute good increases, decreasing the demand for
consumers may switch to the original good. For
a cheaper alternative, example, if the price of beef
decreasing the demand for increases, consumers may
the original good. For start buying more chicken
example, if the price of instead. Conversely, if the
beef increases, consumers price of a complementary
may start buying more good increases, the demand
chicken instead. for the original good may
Conversely, if the price of decrease, as consumers may
a complementary good not want to pay more for both
increases, the demand for goods. For example, if the
the original good may price of gasoline increases,
decrease, as consumers consumers may drive less,
may not want to pay more decreasing the demand for

Brgy. Tejero, San Luis, Batangas ● Tel. No. (043) 740-9403 ● E-mail : [email protected]
 Lyceum of Southern Luzon, Inc.
Brgy. Tejero, San Luis, Batangas

HIGH SCHOOL DEPARTMENT

A.Y. 2024 – 2025
for both goods. For
example, if the price of
gasoline increases,
consumers may drive less,
decreasing the demand for cars.
cars. Consumer preferences: Changes
Consumer preferences: in consumer preferences can also
Changes in consumer preferences impact demand. For example, if a
can also impact demand. For new study shows that a particular
example, if a new study shows food is unhealthy, consumers may
that a particular food is decrease their demand for that food.
unhealthy, consumers may Similarly, if a new fashion trend
decrease their demand for that becomes popular, consumers may
food. Similarly, if a new fashion increase their demand for clothing
trend becomes popular, that matches that trend. Consumer
consumers may increase their preferences can also be influenced
demand for clothing that matches by social and cultural factors, such
that trend. Consumer preferences as values, beliefs, and peer pressure.
can also be influenced by social
and cultural factors, such as
values, beliefs, and peer
pressure.
5.Presenting a. Define market demand and c. Define market demand and a. The teacher will introduce the
examples/ instances discuss the determinants of discuss the determinants of concept of the supply curve and
market demand. market demand. explain how it is derived.
of the new lesson
b. Explain the difference d. Explain the difference between a b. The teacher will provide an
between a change in demand change in demand and a change example of a supply curve for a
and a change in quantity in quantity demanded. product and ask students to
demanded. Discuss how changes in income, identify the factors that affect it.
Discuss how changes in income, price of related goods, and Example of a supply curve:
price of related goods, and consumer preferences affect market Let's say we are looking at the
consumer preferences affect demand. supply curve for oranges in a
market demand. local market. The price of
oranges is on the y-axis, while
the quantity of oranges supplied
is on the x-axis.
Factors that affect the supply
curve of oranges:
● Production costs: The cost

Brgy. Tejero, San Luis, Batangas ● Tel. No. (043) 740-9403 ● E-mail : [email protected]
 Lyceum of Southern Luzon, Inc.
Brgy. Tejero, San Luis, Batangas

HIGH SCHOOL DEPARTMENT

A.Y. 2024 – 2025
of producing oranges,
including labor, fertilizers,
pesticides, and other inputs,
will affect the supply curve. If
the cost of production
increases, the supply curve
will shift to the left, as
producers will be less willing
to produce oranges at the
same price.
● Technology: Technological
advances can increase the
efficiency of production,
which can lead to an increase
in supply and a shift to the
right in the supply curve.
● Government policies:
Government policies, such as
taxes or subsidies, can affect
the supply curve of oranges.
For example, if the
government provides a
subsidy for orange producers,
this will increase supply and
shift the curve to the right.
● Weather conditions:
Weather conditions such as
droughts, floods, or other
natural disasters can affect
the supply of oranges. If there
is a poor harvest due to
unfavorable weather
conditions, the supply curve
will shift to the left.
● Number of suppliers: The
number of suppliers in the
market can also affect the
supply curve. If there are
more suppliers of oranges,

Brgy. Tejero, San Luis, Batangas ● Tel. No. (043) 740-9403 ● E-mail : [email protected]
 Lyceum of Southern Luzon, Inc.
Brgy. Tejero, San Luis, Batangas

HIGH SCHOOL DEPARTMENT

A.Y. 2024 – 2025
the supply curve will shift to
the right, as there will be
more oranges available for
sale at any given price.

The teacher will guide the students

to analyze the supply curve and
identify the relationship between
price and quantity supplied.
B. DEVELOPMENT a. Analyze the relationship d. Analyze the relationship between a. The teacher will discuss the
between price and quantity price and quantity demanded. concept of elasticity of supply
demanded. e. Discuss the law of demand and and how it affects the supply
b. Discuss the law of demand the factors that can shift the curve.
and the factors that can shift demand curve. b. The teacher will provide
the demand curve. f. Show a graph of a demand curve examples of products with elastic
c. Show a graph of a demand and ask the students to identify and inelastic supply and ask
curve and ask the students to the changes in demand and students to identify the factors
identify the changes in quantity demanded. that make them so.
demand and quantity Here are some examples of
demanded. products with elastic and
inelastic supply:
1. Elastic supply: Products
with elastic supply include
goods or services where it
is easy and inexpensive to
produce more of them if
the price increases.
Examples include:
✔ Fresh fruits and
vegetables: If the
price of a
particular fruit or
vegetable
increases, farmers
can easily plant
more of it in the
next growing
season to meet the
increased demand.

Brgy. Tejero, San Luis, Batangas ● Tel. No. (043) 740-9403 ● E-mail : [email protected]
 Lyceum of Southern Luzon, Inc.
Brgy. Tejero, San Luis, Batangas

HIGH SCHOOL DEPARTMENT

A.Y. 2024 – 2025
✔ Clothing items: If
the price of a
particular clothing
item increases,
manufacturers can
increase
production to meet
the increased
demand.
2. Inelastic supply: Products
with inelastic supply
include goods or services
where it is difficult or
expensive to produce
more of them if the price
increases. Examples
include:
✔ Rare works of art:
If the price of a
rare painting
increases, it is
difficult and
expensive to
produce more of
them.
✔ Prescription drugs:
If the price of a
prescription drug
increases, it is
difficult and time-
consuming to
develop and
produce a new
drug to meet the
increased demand.

The teacher will guide the students

to analyze the supply curve and
identify the degree of elasticity.

Brgy. Tejero, San Luis, Batangas ● Tel. No. (043) 740-9403 ● E-mail : [email protected]
 Lyceum of Southern Luzon, Inc.
Brgy. Tejero, San Luis, Batangas

HIGH SCHOOL DEPARTMENT

A.Y. 2024 – 2025
1. Discussing a. Provide a scenario wherein d. Provide a scenario wherein the a. The teacher will provide a MINI TASK
new concepts the students will be asked to students will be asked to identify worksheet with questions about
identify the changes in the changes in demand and supply curves and elasticity of
and practicing
demand and quantity quantity demanded. supply.
new skills #1 demanded. e. Divide the class into groups and b. The students will work in pairs to
b. Divide the class into groups provide each group with a answer the questions.
and provide each group with a different scenario. The teacher will monitor the
different scenario. f. Ask each group to analyze the students and provide assistance as
c. Ask each group to analyze the market demand for the product needed.
market demand for the and determine the factors that
product and determine the affect it.
factors that affect it.
Scenario 1: The local grocery
Scenario 1: The local grocery store announces a sale on
store announces a sale on apples.
apples. Question: Will this announcement
Question: Will this announcement result in a change in demand or
result in a change in demand or quantity demanded for apples?
quantity demanded for apples?
Scenario 2: The teacher brings a
Scenario 2: The teacher box of chocolates to class and
brings a box of chocolates to announces that they will sell the
class and announces that they chocolates at Php 20 each. The
will sell the chocolates at Php students eagerly buy the
20 each. The students eagerly chocolates, and the teacher sells
buy the chocolates, and the all the chocolates in 10 minutes.
teacher sells all the The teacher then decides to
chocolates in 10 minutes. The increase the price to Php 30
teacher then decides to each, and after 10 minutes, only
increase the price to Php 30 half of the chocolates are sold.
each, and after 10 minutes, Questions:
only half of the chocolates are III. What is the initial demand for
sold. the chocolates at Php 20
Questions: each?
I. What is the initial demand IV. What is the new demand for
for the chocolates at Php the chocolates at Php 30
20 each? each?
II. What is the new demand Did the quantity demanded increase
for the chocolates at Php or decrease when the price

Brgy. Tejero, San Luis, Batangas ● Tel. No. (043) 740-9403 ● E-mail : [email protected]
 Lyceum of Southern Luzon, Inc.
Brgy. Tejero, San Luis, Batangas

HIGH SCHOOL DEPARTMENT

A.Y. 2024 – 2025
30 each?
Did the quantity demanded
increased to Php 30?
increase or decrease when the
price increased to Php 30?
2. Discussing a. Ask the students to provide b. Ask the students to provide
new concepts examples of how the concept examples of how the concept of a. The teacher will ask the students
of market demand can be market demand can be applied in to identify products they use in
and practicing
applied in their daily lives. their daily lives. their daily lives and analyze their
new skills #2 Discuss how market demand Discuss how market demand affects supply curves.
affects the prices of goods and the prices of goods and services and The students will work in pairs and
services and the purchasing the purchasing behavior of present their findings to the class.
behavior of consumers. consumers.
C. ENGAGEMENT a. Summarize the key concepts b. Summarize the key concepts and
Developing and discuss the importance of discuss the importance of
a. The teacher will guide the
analyzing market demand in analyzing market demand in
Mastery students to generalize the
decision-making. decision-making.
concepts learned in the lesson.
Ask the students to identify the Ask the students to identify the
The students will identify the
factors that can affect market factors that can affect market
similarities and differences between
demand and explain how they demand and explain how they can
market supply and market demand.
can use this information to make use this information to make
informed choices. informed choices.
V.APPLICATION a. The teacher will provide a quiz to
Administer a quiz to
evaluate the students'
assess the students' Administer a quiz to assess the
understanding of the concepts
understanding of the students' understanding of the
learned in the lesson.
concept of market concept of market demand and its
The quiz will include questions about
demand and its determinants.
the supply curve, elasticity of supply,
determinants.
and market equilibrium.
1. Finding practical a. Provide additional examples b. Provide additional examples and a. The teacher will provide an
applications of and exercises to reinforce the exercises to reinforce the engaging activity where the
students' understanding of students' understanding of students will simulate a market
concepts and
market demand. market demand. with a limited supply of a
skills in daily Assign homework that requires Assign homework that requires the product.
living the students to analyze the students to analyze the market b. The students will work in groups
market demand for a product and demand for a product and identify and determine the price and
identify the factors that affect it. the factors that affect it. quantity of the product that will
be supplied to the market.
The teacher will monitor the
students and provide feedback on

Brgy. Tejero, San Luis, Batangas ● Tel. No. (043) 740-9403 ● E-mail : [email protected]
 Lyceum of Southern Luzon, Inc.
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HIGH SCHOOL DEPARTMENT

A.Y. 2024 – 2025
their decisions.
2. Making e. Greet the students and review g. Greet the students and review b. The teacher will start by
generalizations the previous lesson on the the previous lesson on the basic reviewing the previous lesson
basic principles of economics. principles of economics. about analyzing market demand.
and abstractions
f. Introduce the new lesson on h. Introduce the new lesson on The teacher will ask students to
about the lesson market demand. market demand. recall the concepts and skills they
learned in the previous lesson.
VI.EVALUATION The teacher will explain to the
Explain the objectives of the Explain the objectives of the lesson students that the purpose of the
lesson and the importance of and the importance of analyzing lesson is to understand the concept
analyzing market demand. market demand. of market supply and how it affects
the market equilibrium.
VII. Additional activities Provide examples of how changes Provide examples of how changes in b. The teacher will provide an
for application or in income, price of related goods, income, price of related goods, and example of a product that is
and consumer preferences affect consumer preferences affect market commonly supplied in the
remediation
market demand. demand. market, such as fruits,
vegetables, or gasoline.
Changes in income, price of Changes in income, price of related The teacher will explain to the
related goods, and consumer goods, and consumer preferences students how the supply of the
preferences can all affect the can all affect the market demand for product is determined by factors
market demand for a good or a good or service. Here are some such as the cost of production,
service. Here are some examples examples of how each of these technology, and government
of how each of these factors can factors can impact demand: policies.
impact demand: VII. Income: If there is an
V. Income: If there is an increase in income,
increase in income, consumers may have more
consumers may have purchasing power and
more purchasing power demand more of a good or
and demand more of a service. For example, if
good or service. For people start earning more
example, if people start money, they may buy more
earning more money, they luxury goods or services,
may buy more luxury such as expensive cars,
goods or services, such as vacations, or fine dining
expensive cars, vacations, experiences. Conversely, if
or fine dining experiences. there is a decrease in income,
Conversely, if there is a consumers may have less
decrease in income, purchasing power and
consumers may have less demand less of a good or
Brgy. Tejero, San Luis, Batangas ● Tel. No. (043) 740-9403 ● E-mail : [email protected]
 Lyceum of Southern Luzon, Inc.
Brgy. Tejero, San Luis, Batangas

HIGH SCHOOL DEPARTMENT

A.Y. 2024 – 2025
purchasing power and service.
demand less of a good or VIII. Price of related goods: The
service. price of related goods can
VI. Price of related goods: also impact the demand for a
The price of related goods particular good or service.
can also impact the There are two types of
demand for a particular related goods: substitutes
good or service. There are and complements.
two types of related Substitutes are goods or
goods: substitutes and services that can be used in
complements. Substitutes place of one another, while
are goods or services that complements are goods or
can be used in place of services that are used
one another, while together. If the price of a
complements are goods or substitute good increases,
services that are used consumers may switch to a
together. If the price of a cheaper alternative,
substitute good increases, decreasing the demand for
consumers may switch to the original good. For
a cheaper alternative, example, if the price of beef
decreasing the demand for increases, consumers may
the original good. For start buying more chicken
example, if the price of instead. Conversely, if the
beef increases, consumers price of a complementary
may start buying more good increases, the demand
chicken instead. for the original good may
Conversely, if the price of decrease, as consumers may
a complementary good not want to pay more for both
increases, the demand for goods. For example, if the
the original good may price of gasoline increases,
decrease, as consumers consumers may drive less,
may not want to pay more decreasing the demand for
for both goods. For cars.
example, if the price of Consumer preferences: Changes
gasoline increases, in consumer preferences can also
consumers may drive less, impact demand. For example, if a
decreasing the demand for new study shows that a particular
cars. food is unhealthy, consumers may
Consumer preferences: decrease their demand for that food.

Brgy. Tejero, San Luis, Batangas ● Tel. No. (043) 740-9403 ● E-mail : [email protected]
 Lyceum of Southern Luzon, Inc.
Brgy. Tejero, San Luis, Batangas

HIGH SCHOOL DEPARTMENT

A.Y. 2024 – 2025
Changes in consumer preferences
can also impact demand. For
example, if a new study shows
that a particular food is
unhealthy, consumers may Similarly, if a new fashion trend
decrease their demand for that becomes popular, consumers may
food. Similarly, if a new fashion increase their demand for clothing
trend becomes popular, that matches that trend. Consumer
consumers may increase their preferences can also be influenced
demand for clothing that matches by social and cultural factors, such
that trend. Consumer preferences as values, beliefs, and peer pressure.
can also be influenced by social
and cultural factors, such as
values, beliefs, and peer
pressure.

Prepared by:

MISS MARY CHRISTINE C. SALAZAR, LPT

Teacher
Checked by:

WAREHN E. MANALO, PhD

Principal

Brgy. Tejero, San Luis, Batangas ● Tel. No. (043) 740-9403 ● E-mail : [email protected]