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Lesson Plan

Econ Ed Link: Marketplace: Price Increase or Price Gouging?

Curated by ACT

Students learn about price-gouging. Using a hypothetical post-disaster example, they will learn more about supply and demand, as well as the complexities associated with price increases in a supply-constrained market.

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Concepts
supply and demand, demand, markets, scarcity
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Additional Tags
price-gouging, council for economic education, econedlink: marketplace: price increase or price-gouging?, price, price ceiling, shortage, supply
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Classroom Considerations
  • Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)
  • The intended use for this resource is Instructional