Activity 01
Simulation Game: Producer Response Cards
Give pairs cards showing price changes and supply determinants like new technology. Students decide output levels, plot points on graphs, and shift curves accordingly. Discuss as a class how equilibrium adjusts.
Analyze how technology shifts the cost of production.
Facilitation TipDuring Producer Response Cards, circulate and ask each pair to verbally justify their plotted points before moving on to the next price level.
What to look forPresent students with a scenario: 'A bakery experiences a sudden increase in the price of flour.' Ask them to draw the impact on the supply curve for bread and explain in one sentence whether the equilibrium price will rise or fall.