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In this lesson students learn about supply and demand and how changes in supply affect price and quantity of goods supplied. In part 1, the students are presented with a hypothetical story about a high school's policy on concession sales; they are asked to determine what effect the policy will have on supply and price. In part 2, students will learn about the dynamic nature of the young American economy in the early 1800s. By visiting various web sites and answering several questions, students will learn that business leaders and workers responded quickly when economic opportunities were presented. They were sensitive to new incentives. However, occasionally these incentives were artificial in the sense that they were brought about by protection from competition.
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