Activity 01
Sorting Cards: Supply Responsiveness Factors
Prepare cards with goods (e.g., vegetables, smartphones) and factors (time, perishability). In small groups, students sort cards into quick-response and slow-response piles, then justify choices with evidence. Conclude with class share-out.
Explain how the time producers have to adjust production affects their ability to respond to price changes.
Facilitation TipFor Sorting Cards, circulate as students group factors and listen for misconceptions about time or resource constraints.
What to look forPresent students with two scenarios: Scenario A: A bakery can bake more bread within a day if prices rise. Scenario B: A semiconductor factory needs months to increase production. Ask: 'Which producer has higher supply responsiveness? Explain your reasoning using the concepts of fixed and variable factors and time.'