Unit 2: How do Markets work?
UNIT RESOURCES
Exam Review: Quizlet Review Link
Chapter 4: DEMAND
Essential Questions:
How does demand help societies determine WHAT, HOW, and FOR WHOM to produce?
What are the causes of a change in demand?
How does demand help societies determine WHAT, HOW, and FOR WHOM to produce?
What are the causes of a change in demand?
Chapter 5: SUPPLY
Essential Questions:
How do companies determine the most profitable way to operate?
How do companies determine the most profitable way to operate?
Chapter 6: PRICES
Essential Questions:
How do prices help us make decisions?
What factors affect prices?
How do prices help us make decisions?
What factors affect prices?
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Chapter 7: MARKET STRUCTURES
Essential Questions:
How do varying market structures impact prices in a market economy?
Why do markets fail?
How does the government attempt to correct market failures?
How do varying market structures impact prices in a market economy?
Why do markets fail?
How does the government attempt to correct market failures?