Material Detail

In a think-pair-share activity, students first work independently to demonstrate graphically how events change supply and/or demand in specific markets and explicitly describe the adjustment process from the original to a new equilibrium. Students are then paired to share and revise their answers before being randomly chosen to report answers to the larger class.

• This exercise is designed for a principles of microeconomics course; however, instructors reviewing supply and demand concepts in any course might find them equally useful.
• Follow up exercises are provided so that instructors might engage students with additional problem solving outside of class or develop additional cooperative learning exercises on these and related supply and demand concepts.

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