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Lesson Plan

Econ Ed Link: The Price of Gasoline: What's Behind It?

Curated by ACT

In this lesson plan, students investigate the variables that contribute to the cost of gasoline. They learn that while OPEC nations do influence the price of oil and thus the price of gasoline, other factors also influence the price.

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Concepts
demand, factors of production, markets, monopolies, profit, taxes, prices
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Additional Tags
council for economic education, econedlink, law of demand, price, production, profit motive, supply
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Resource Details
Grade
6th - 8th
Subjects
21 Century Skills
1 more...
Resource Type
Lesson Plans
Audiences
For Administrator Use
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Lexile Measures
0L