The Economic Problem and Markets · Microeconomics
Supply and Market Equilibrium
Examining producer behavior and the price mechanism that clears markets.
Key Questions
- 1How does technology shift the cost of production?
- 2What happens to social welfare when markets fail to reach equilibrium?
- 3How do price signals communicate information to producers?
National Curriculum Attainment Targets
GCSE: Economics - How Markets WorkGCSE: Economics - Price Determination
Year: Year 10
Subject: Economics
Unit: The Economic Problem and Markets
Period: Microeconomics
Suggested Methodologies
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