Market Forces: Demand and Supply · Supply & Demand

The Law of Supply

Examining producer motivations and how costs of production influence the quantity of goods brought to market.

Key Questions

  1. 1How do advancements in technology impact the willingness of firms to supply goods at lower prices?
  2. 2What trade-offs does a farmer face when the market price of a competing crop rises significantly?
  3. 3How do government subsidies alter the supply curve for renewable energy?

MOE Syllabus Outcomes

MOE: Supply and Producer Behaviour - S3
Level: Secondary 3
Subject: Economics
Unit: Market Forces: Demand and Supply
Period: Supply & Demand

Suggested Methodologies

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