Price Discovery: Supply and Demand · Supply & Demand
Market Equilibrium
The mechanics of price determination and the role of the price mechanism in clearing markets.
Key Questions
- 1How do prices act as signals for both consumers and producers?
- 2What happens to social surplus when markets are out of balance?
- 3What incentives are driving this behavior during a shortage?
Ontario Curriculum Expectations
ON: Market Models and Economic Structures - Grade 12ON: Price Determination - Grade 12
Grade: Grade 12
Subject: Economics
Unit: Price Discovery: Supply and Demand
Period: Supply & Demand
Suggested Methodologies
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