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Material Detail

I'll Trade You a Bag of Chips...and $60,000 for Your Tuna Sandwich

I'll Trade You a Bag of Chips...and $60,000 for Your Tuna Sandwich

This lesson plan discusses the concepts of supply and demand using a product for which the price varies: tuna that is bought in a can and another type of tuna, maguro, for which the Japanese pay up to $70,000 per fish for use in sushi. Students learn about various concepts regarding supply and demand such as equilibrium price and quantity, marginal benefits and costs, and substitute goods. The lesson includes a link to a web based data analysis tool so students can draw supply and demand curves.
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More about this material

Material Type:
Simulation
Date Added to MERLOT:
May 12, 2000
Date Modified in MERLOT:
June 12, 2018
Author:
Submitter:
Cathy Swift
Asian American, Native American, Pacific Islander Serving Institution Hispanic Serving Institution
Primary Audience:
College General Ed
Mobile Compatibility:
Not specified at this time
Language:
English
Cost Involved:
No
Source Code Available:
No
Accessibility Information Available:
Unknown
Creative Commons:
No

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