Lesson Starter: Petrol Price Tumbles

A fantastic example of market forces in action here as petrol prices are anticipated to fall below £1 a litre for the first time in many years.


Activity: Use your understanding of economic concepts to explain why motorists will soon be paying less at the pumps.

Extension: Is this a good thing?


Will economics ruin Halloween?

Read this article about this year’s most eagerly awaited event: the pumpkin harvest.


Task: Using your understanding of demand and supply, demonstrate how this summer’s wet weather will affect the price of pumpkins as Halloween approaches. 

Your answer should include a diagram (drawn neatly) and an explanation of what is happening in the market. You should write no more than one side of A4. 

Pricey pumpkins on their way?