The Mechanics of the Market · Supply & Demand

Consumers and Producers

Examining the roles and motivations of different participants in a market economy.

Key Questions

  1. 1What incentives are driving the behavior of a business owner versus a shopper?
  2. 2Who benefits and who bears the costs when a new competitor enters a local market?
  3. 3How do consumer preferences change the types of products available on shelves?

ACARA Content Descriptions

AC9HE7K02
Year: Year 7
Subject: Economics & Business
Unit: The Mechanics of the Market
Period: Supply & Demand

Suggested Methodologies

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