The Price Mechanism · Microeconomics

Law of Demand and Supply

Examining the relationship between price and quantity from both consumer and producer perspectives.

Key Questions

  1. 1How do non-price factors shift the entire landscape of a market?
  2. 2What incentives are driving this behavior in a competitive environment?
  3. 3At what point does a price become unsustainable for a producer?

ACARA Content Descriptions

AC9EC11K03AC9EC11S03
Year: Year 11
Subject: Economics & Business
Unit: The Price Mechanism
Period: Microeconomics

Suggested Methodologies

Ready to teach this topic?

Generate a complete, classroom-ready active learning mission in seconds.

Generate a Custom MissionBrowse Lesson Plan Templates

More in The Price Mechanism

Market Equilibrium

Identifying the point where supply meets demand and the consequences of surpluses and shortages.

2 methodologies

Elasticity of Demand and Supply

Measuring how responsive consumers and producers are to changes in price and income.

1 methodologies

Browse curriculum by country

AmericasUSCAMXCLCOBR
EuropeUKIEFRDEESITNLPTSE
Asia & PacificINSGAU