20 | A Market: Supply and Demand
Supply and demand curves help us to predict how much will be traded and at what price under particular circumstances.
You are about to participate in an economic experiment. The market structure used in this experiment is known as a “double-oral auction.”
Related Resources
This tool from Marginal Revolution University will ask students 10 questions about whether an event causes a shift in the demand curve or a shift in the supply curve. This tool is perfect for learning supply and demand, or for reviewing if you've already covered the topic!
