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Chapter 17.1
Master Supply and Demand - Discover How Market Forces Shape Prices
You will learn how supply and demand work together to determine the prices of everything you buy and influence business decisions in your community.
What You'll Learn
You learn how supply and demand determine everyday prices
You discover how market forces influence your economic choices
You understand how businesses respond to consumer demand changes
You explore connections between competition and price determination
What You'll Practice
1
You practice identifying supply and demand in real situations
2
You analyze how price changes affect consumer buying decisions
3
You evaluate market forces impact on business production choices
Why This Matters
You need to understand supply and demand to make smart purchasing decisions and recognize how economic forces affect your daily life.
This Unit Includes
Learning resources
Skills
Supply
Demand
Market Forces
Price Determination
Economic Choices
FL Curriculum Aligned
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