Market Basics: Demand, Supply, and Price Determination

Students are introduced to the concepts of supply and demand. Using the Law of Demand and Supply, they develop charts and graphic models of supply and demand. They compare and contrast the behavior of consumers and suppliers when there are price incentives present. They also illustrate the impact of the invisible hand of competition on these topics.

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Concepts

Resource Details

Grade
9th - 12th
Subjects
Social Studies & History
1 more...
Resource Type
Lesson Plans
Instructional Strategy
Inquiry-Based Learning
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  • Vocabulary