Lesson Details

Unit 2: Lesson 9 - A Picture Is Worth a Thousand Words: Supply

Students analyze the relationship between changing prices and changes in producer behavior. They create a supply schedule graph to represent this relationship. They observe changes in determinants of supply and note the effect of those changes on the supply schedule and the corresponding price-quality relationship.

Concepts:

  • Determinants of Supply
  • Price
  • Supply
Standards:
  • Standard #4: Incentives
  • Standard #8: Role of Prices

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