The Price Mechanism
11th Grade · Social Studies · 45 min· Ib Economics Assessment Objective Ao1.1 (demonstrate Knowledge And Understanding Of Specified Content) And Ao2.1 (apply Economic Concepts And Theories To Real-world Situations.
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Learning Objective
I can demonstrate my understanding of the price mechanism by explaining how changes in supply or demand affect equilibrium price and quantity, and relate this to real-world examples.
