Use the market model (supply and demand) to analyze how the interaction of individual buyers and sellers affects equilibrium price and quantity and how shortages and surpluses affect prices.
Standard detail
Depth 2Parent ID: EA5C03DA529F4898A34114F2D1D4DB02Standard set: Grades 9–12: Economics
Original statement
Quick facts
- Statement code
- Standard ID
- 1E34C8C106B84180B08371FD7600A96C
- Subject
- Social Studies (2021-)
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- EA5C03DA529F4898A34114F2D1D4DB026324BCD6E8F74EE5BD8436CBE5426919
- License
- CC BY 4.0 US