What effect could a break-through device have on company's profits? A set of prompts from College Board explores just that question. Other questions consider the role of wages in profit and what factors affect the supply and demand of home security systems. 

Concepts

supply and demand, equilibrium, profit, wages, microeconomics, test preparation, innovation

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Additional Tags

social studies

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Instructional Ideas

• Use all or part of the resource to review for the AP® exam
• Create similar prompts to help reinforce skills

Classroom Considerations

• Questions originally appeared in the 2006 form B free-response questions from the AP® Microeconomics exam 

Pros

• Prompts offer real-world scenarios that engage learner interest
• Scoring information simplifies feedback

Cons

• None

Common Core

RH.9-10.1 RH.9-10.2 RH.9-10.3 RH.9-10.10 RH.11-12.1 RH.11-12.2 RH.11-12.3 RH.11-12.10