The Price of Everything: Markets and Choices · Supply and Demand
The Mechanics of the Market
Students examine the laws of supply and demand and how they reach equilibrium in a competitive market.
Key Questions
- 1What incentives are driving this behavior?
- 2How do changes in consumer preferences shift the market equilibrium?
- 3What trade-offs does this policy create for low income earners?
ACARA Content Descriptions
AC9HE10K01
Year: Year 10
Subject: Economics & Business
Unit: The Price of Everything: Markets and Choices
Period: Supply and Demand
Suggested Methodologies
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