Lesson Plan

Surpluses, Shortages, and Equilibrium

Curated and Reviewed by Lesson Planet

Young scholars review and discuss the meaning of equilibrium. As a class, they participate in a game of "The Price is Right" in which they guess the true market price of various items. They explain how shortages and surpluses tend to force prices into a state of equilibrium.

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Resource Details
Grade
9th - 12th
Subjects
Social Studies & History
1 more...
Resource Type
Lesson Plans
Instructional Strategy
Inquiry-Based Learning