Community Program A&E

Learning Center
Learning Facilitator Literacy Level AE/JHS
ALTERNATIVE
LEARNING SYSTEM Month and Learning Strand LS4 Life and Career
DAILY LESSON LOG Quarter Skills

I. OBJECTIVES
A. Content Standards Understanding the Market System

B. Performance Standards Demonstrate understanding of the market system of goods and services, and its
opportunities and challenges for earning a living.

C. Learning Competencies/ Objectives
Write the LC code for each.
 Explain the interaction between demand and supply to the price and the market.
LS4LC-UM-PSE-JHS-19
 Assess the political, economic, cultural, and environmental impact of the
country’s links with the world on: one’s community (e.g., prices of goods and
services)
LS5DS-GA-PSJ-JHS-34

 Solve word problems involving inequalities

 determine the number of supply and demand that will give profit or
loss
LS3MP-PA-PSE-JHS-54

II. CONTENT(Subject Matter) • Demand and Supply

III. LEARNING RESOURCES

A. References
1. Session Guides pages

2. Module pages Buying Wisely Lesson 2 pp. 22-31

B. Other Learning Resources Pictures, Laptop, Activity cards, manila paper,

* Enhanced ALS K to 12 Basic Curriculum LS 4 (BL-JHS) page 239

IV. PROCEDURES
A. Springboard/Motivation (Establishing a purpose Accident at Work
for the lesson)
 Learners will tell the product below and try to list down the equivalent price of each
products.
Tunlingan Fish per Kilo
Malunggay Pandesal Bread

Dressed Chicken per Kilo Conditioner in Sachet


B. Activity (Review of previous lesson/s or
Presenting the new lesson)
Tootpaste in Sachet Globe Prepaid Simcard
Pre-Test (10 Minutes)
JHS: Direction: Read the items below. If you agree with what it says, put a
check under the column marked Agree. If you disagree with it, put a check
under the Disagree column. Remember that for each sentence, you must put
only one check under the proper column. Explain why you answered Agree or
Disagree. Write your explanation in the blanks after each item.
C. Analysis (Presenting examples/instances of the Analyze It
new lesson)
Read the story below.

Answer the following questions.

D. Discussing new concepts and practicing new Presenting the Lesson

skills (sub-activity #1)
In economics, supply is the amount of a
resource that firms, producers, laborer’s,
providers of financial assets, or other
economic agents are willing and able to
provide to the marketplace or directly to
another agent in the marketplace.

In economics, demand is the quantity of a good that consumers are willing

and able to purchase at various prices during a given period of time. The
relationship between price and quantity demanded is also called the
demand curve. 

The law of supply and demand

It is an advantage to consumers or buyers if there is an abundant supply. This

makes the prices of products or goods very cheap. If the supply is low and
there is a high demand, prices increase. This makes products or goods
expensive.
You must remember that products and goods are cheap if supply is plenty. In
order to save money, take note of the months when supply is abundant and you
can buy products or goods at cheaper prices. This will enable you to buy
something you need or want at good prices. At the same time, you are also able
to save money for the other needs of your family.
 Example of Supply and Demand
Supply
 Surgical Face Mask
Demand
 Many people buy surgical face
mask specially the fort liners due
to the pandemic brought by
COVID q9 virus to protect them
self from this deadly disease.

 Livestock (Pig)  In todays market pig meat is very

rear due to the swine flue disease.
In Luzon many meat vendor buy
livestock pig in Visayas and
Mindanao due to the scarcity of
the product. The demand is
highly increasing in the market
so the price of the meat increase.

 Vegetables  Vegetables are expensive during

the rainy season because they
easily rot
when wet and are difficult to
transport.

A wise buyer or consumer doesn’t only consider the prices of products or

goods he/she buys. A wise buyer also looks into the safety of the products or
goods he/she is
buying.

Consumer confidence was regained when people realized that many studies
were being conducted about the disease and how it affects people’s health.
People realized that finding a cure for the disease was a priority of the
government which made people think that it was safe to buy cattle products
once again.

To sum up, wise buyers or consumers will always look into three things,
namely:
♦ the reasonable price of the product;
♦ the quality of the product; and
♦ the safety of the product.

♦ There are other situations or conditions which may affect the prices of
products or goods. One example is the discovery of a disease that affects
animals like cows and pigs.
♦ It is important to know which product is cheap and at the same time is also
of good quality. This will help you save money.
♦ Talk to vendors in markets and stores to find out which products are cheap
and of good quality.
♦ If there is an abundant supply, and less demand for the product, prices are
cheaper. If there is a shortage in supply and a high demand for the product,
prices become expensive. If there is a sufficient supply and a normal
demand, prices of products and goods remain stable.

E. Abstraction (Making generalizations about the
lesson)
 What do you mean by demand and supply and give examples?
 What does the Law of Supply and Demand states ?
 What are the three things a buyer or consumer must think before buying a
products?
 Why do price of good always change?
  Is it an advantage for consumers or buyers when there is an abundant
supply? Why?

F. Application (Developing mastery) Activity Time

Activity 1

JHS: Direction: Answer the following questions.

4.

Activity 2

. JHS: Direction: Do a simple research or study about prices of everyday goods

like fish, vegetables, fruits, meat, rice and others. You will need paper and
ballpen. Go to a market or a store. Talk to vendors of vegetables, fruits, fish
and meat. If possible, talk to two vendors of each kind of item. (For example,
two vendors of fish.)
Ask the vendors the following:
a. How much is the price per kilo of the product or goods they are selling?
b. When are these goods cheap? In what months or season are they cheap?
c. When are these goods expensive? In what months or season?
d. When do they sell the most number of products or goods?
e. When the price of goods is high, how many of each product do people
buy? (In kilos or by pieces only)
Organize the information you will have collected by filling up a chart like
the one below:
G. Valuing (Finding practical application
of concepts and skills in daily living)
 How can you apply your knowledge in demand and supply lessons in your
everyday situations in life?

H. Evaluation (Assessing learning) JHS: Direction: Read the story below which is about a disease that affects
cloven-hoofed animals.

Answer the following questions.

I. Agreement (Additional activities for application or Always remember that as a buyer or consumer we must consider the different factors
remediation) in buying the product for our own good and safety.

V. REMARKS
VI. REFLECTION
A. No. of learners who earned 80% in the
evaluation
B. No. of learners who require additional
activities for remediation
C. Did the remedial lessons work? No. of
learners who have caught up with the
lesson
D. No. of learners who continue to require
remediation
E. Which of my teaching strategies worked
well? Why did these work?
F. What difficulties did I encounter which my
principal or supervisor can help me solve?
G. What innovation or localized materials did
I use/discover which I wish to share with
other teachers?

Prepared by:
_____________________________
DALSC

Process Observers:

_________________________
Education Program Specialist II

_________________
Education Program Supervisor