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ACT
Examines how supply relates to economic decision making. Using the example of purchasing blue jeans, students take the role of producer to determine how many blue jeans they would supply to the market. Includes links and discussion questions.
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Additional Tags
consumers vs producers, economic supply, law of diminishing returns, law of supply, supply, e.f.5 markets exist when consumers and producers interact. when supply or demand changes, market prices adjust. those adjustments send signals and pr, e.m.15, ecedweb: explorations in economic supply, part i, market economy, supply and demand within a market economy
Classroom Considerations
- Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)
- The intended use for this resource is Practice