Original PromptGrade 12 economics: Create a graphing activity on supply and demand shifts. Include scenario cards, graph templates, 8 analysis questions, a real-world application prompt, and a short quiz with answer key.
This resource provides an in-depth exploration of market dynamics, focusing on shifts in supply and demand curves. It outlines key determinants that influence these shifts, such as consumer preferences, income levels, and the prices of related goods. Through guided analyses and independent practice scenarios, students will learn to graph the impacts of changes in demand and supply on equilibrium price and quantity. The document includes various sections that encourage scaffolded analysis, real-world applications like technology shocks, and challenges with double shifts in supply and demand. It also provides formative assessments with multiple-choice questions and graphing tasks to reinforce students' understanding of market principles.