Description:
In this module, students learn about supply, demand, and equilibrium price in three interactive lessons.
Prices for most goods and services are determined in markets by what economists call supply and demand. This module uses a fictitious chocolate market to help students better understand how supply and demand work together to determine prices.
Supply and demand are among the most fundamental concepts in economics, so being familiar with these terms will help you better understand the economic world around you one chocolate bar at a time.
Estimated Completion Time: 90 minutes