Markets and Price Determination · Microeconomics
Market Equilibrium
Analyzing the point where supply and demand meet and the consequences of surpluses and shortages.
Key Questions
- 1How do markets naturally correct for a shortage?
- 2Who benefits and who bears the costs of government imposed price ceilings?
- 3What happens to equilibrium when both supply and demand shift simultaneously?
Ontario Curriculum Expectations
ON: Canadian and World Studies - Grade 9ON: Market Dynamics - Grade 9
Grade: Grade 9
Subject: Economics
Unit: Markets and Price Determination
Period: Microeconomics
Suggested Methodologies
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