Markets and Price Determination · Microeconomics
The Law of Supply
Exploring how producers respond to price changes and the impact of production costs on market availability.
Key Questions
- 1What incentives drive a producer to increase output?
- 2How does technology change the cost of doing business?
- 3Why might a business continue to operate at a loss in the short run?
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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