APPLIED

ECONOMICS
LESSON
4
 Introduction

Buyers and sellers play a

significant role in the marketplace. A
lot of studies have been published
regarding how demand and supply
affect the commodities prices.
 Introduction

Prices of commodities can go up,

stabilized or go down. Learning an
idea of the basic knowledge on “how
and why” the price of good and
services increase and decrease in our
country.
 WHAT’S NEW

Directions: Compare the

price below of the basic
commodities and answer the
proceeding questions.
 WHAT’S NEW

1 Sack Rice 1 Sack Corn

Price Cost Price Cost
2,400.00 Pesos 2,000.00 Pesos
 WHAT’S NEW
Questions:
1. With the two variety of rice shown
above, which will you prefer? A sack
of rice priced at 2,400 or a sack of
corn priced at 2,000? Why?
2. What are the things will you
consider when buying products?
REVIEW
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 WHAT IS IT
Commence with of commodity is any tangible
item that can be bought and sold. Like an oil, rice,
fruits, vegetables and meat. Price will be affected to the
demand of the commodity of the consumers. When
there will be rise of price of chicken meat also there will
increase of price in a beef. It is called as substitute
goods. However, when there is low stock of rice there
will be higher increase of price of a corn is it called as
complement goods.
The Cycle Of Supply And Demand
 Buying
Behaviour of
Filipinos
 Buying Behaviour of Filipinos
Preference
- is the way it fit in
to his/her beauty,
hygiene, health
and convenience.
Buying Behaviour of Filipinos

Behaviour Brand
Loyalty
- they prefer
brand types of
product.
Buying Behaviour of Filipinos

Advertising
- commercial
affects
preferences in
buying products.
Buying Behaviour of Filipinos
Value Of Money
- choosing
affordable
products.
Basic Commodities
Vs.
Prime Commodities
 Basic Commodities
Examples:
- the thing that you oFirewood
really need while
oCharcoal
prime commodities
the things you like
oCooking oil
to buy for yourself. oSalt
Prime Commodities
- goods that are Examples:
not considered o Cell phone
basic necessities o Cars
but are essential o Tablets
to consumers. o Laptop
Activity