Title: "Supply and Demand"
Designed for Grades: 11-12
Estimated Time: 50 minutes
National Standards: Complies with NBEA Economics 2023 STANDARD: Analyze the different types of market structures and their effect on the price and the quality of the goods and services produced.
Objectives:
V.1.1. Discuss how the competition of buyers and sellers determines relative prices for products in markets
V.1.2. Describe the benefits of the price system as communication between producers and consumers.
Materials:
● White Board or Smart Board
● Supply and Demand Charts (10)
● Worksheet: Benefits of the Price System as Communication
● Student laptops with internet connections
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