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Economics for Leaders: In the Chips – A Market in Computer Chips
Source: FTE | Type: Lesson

Understanding how markets work and the role of prices within markets is an important key to being able to explain and predict economic behavior. In true markets, prices are determined by the interaction of buyers and sellers.

Grades:

• 9-12

Concepts:

• Competition
• Demand
• Equilibrium Price
• Supply

Standards:

• Economics 7: Markets - Price and Quantity Determination
• Economics 8: Role of Price in Market System
• Economics 9: Role of Competition

Related Resources:

• Monopoly's Might
• Deregulation and the California Utilities
• Is the Price of Gasoline Really Too High?

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