Microeconomics: Supply, Demand, and Markets · Supply & Demand

The Laws of Supply and Demand

Examining how price signals coordinate the actions of buyers and sellers in a competitive market.

Key Questions

  1. 1How do changes in consumer preferences shift market equilibrium?
  2. 2What happens to social welfare when prices are artificially capped?
  3. 3How do producers respond to rising input costs?

Common Core State Standards

C3: D2.Eco.4.9-12C3: D2.Eco.6.9-12
Grade: 12th Grade
Subject: Economics
Unit: Microeconomics: Supply, Demand, and Markets
Period: Supply & Demand

Suggested Methodologies

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