Changes in supply or demand cause relative prices to change; in turn, buyers and sellers adjust their purchase and sales decisions.
Standard detail
3.
Benchmark
Depth 1Parent ID: 415241DFE59E4ED0AD35B0BCDFC3D473Standard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 3.
- List ID
- 3.
- Standard ID
- 3603C0C192EE4DFCA1CF7C6460FF42C1
- ASN identifier
- S2604745
- Subject
- Economics
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 415241DFE59E4ED0AD35B0BCDFC3D473
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US