CTE Task: Supply & Demand
In this task, students will examine real-world changes in supply and demand to analyze supply and demand, quantity demanded and quantity supplied, and market equilibrium.
- Career Cluster: Finance
- Program of Study: Accounting
- Course name(s): Introduction to Business & Marketing
- Main topic: Supply & Demand
Introduction to Business & Marketing, Standard 8: Summarize the foundational economic principles of supply and demand. Distinguish between an economic good and an economic service and draw conclusions about how the law of supply and demand influences what goods and services businesses will produce using limited resources. Using a range of goods and services as evidence, write a brief informative text illustrating this relationship and the implications for consumers and the economy at large.