Shifting Curves: Demand and Supply Shifts in the Gasoline Market
Shifting Curves: Demand and Supply Shifts in the Gasoline Market
Description:
Students create a graph of gasoline supply and demand and identify the market-clearing price. Students learn about the determinants of supply and demand. They graph a decrease in demand for gasoline and a decrease in supply of gasoline to understand how those factors affect prices.
Education Levels:
9, 10, 11, 12
Subject:
Economics
Resource Type:
Lesson plan
Fee Status:
Free
Online provider:
Federal Reserve Bank of St. Louis
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