Original PromptI am making a 225 instructional minutes project for the lemonade stand game online with economics in an intro to business class I want to hit pricing supply and demand
This learning resource is focused on the principles of supply, demand, and pricing within a simulated business environment. The objective is to enable students to analyze economic concepts by tracking business performance through a 14-day simulation. Students will maintain a Business Journal, construct supply and demand graphs, and evaluate how external factors, such as temperature fluctuations or competitor actions, affect market dynamics and equilibrium. The resource guides learners in strategic planning, monitoring market variables, and understanding elasticity. Key activities include analyzing daily data entries, predicting market outcomes, and justifying pricing strategies based on analyzed consumer behavior and market changes.