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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

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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... More
Material Type: Simulation
Date Added to MERLOT: May 12, 2000
Date Modified in MERLOT: July 25, 2003
Author:
Submitter: Cathy Swift

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About

Primary Audience: College General Ed
Mobile Compatibility: Not specified at this time
Language: English
Cost Involved: no
Source Code Available: no
Accessiblity Information Available: no
Creative Commons: unsure
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