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Lowell Workers and Producers Respond to Incentives

In this lesson students learn about supply and demand and how changes in supply affect price and quantity of goods supplied. In part 1, the students are presented with a hypothetical story about a high school's policy on concession sales; they are asked to determine what effect the policy will have on supply and price. In part 2, students will learn about the dynamic nature of the young American economy in the early 1800s. By visiting various web sites and answering several questions, students will learn that business leaders and workers responded quickly when economic opportunities were presented.
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More about this material

Material Type:
Tutorial
Date Added to MERLOT:
August 27, 2005
Date Modified in MERLOT:
June 12, 2018
Author:
 
Submitter:
Cathy Swift
Asian American, Native American, Pacific Islander Serving Institution Hispanic Serving Institution
Primary Audience:
High School, 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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