Prompt
Recall that Chapter #03, Demand and Supply, consists of 5 sections and 17 learning outcomes. Below are the sections and their associated learning outcomes.
Demand, Supply, and Equilibrium in Markets for Goods and ServicesExplain demand, quantity demanded, and the law of demand
Identify a demand curve and a supply curve
Explain supply, quantity supplied, and the law of supply
Explain equilibrium, equilibrium price, and equilibrium quantity
Shifts in Demand and Supply for Goods and ServicesIdentify factors that affect demand
Graph demand curves and demand shifts
Identify factors that affect supply
Graph supply curves and supply shifts
Changes in Equilibrium Price and Quantity: The Four-Step ProcessIdentify equilibrium price and quantity through the four-step process
Graph equilibrium price and quantity
Contrast shifts of demand or supply and movements along a demand or supply curve
Graph demand and supply curves, including equilibrium price and quantity, based on real-world examples
Price Ceilings and Price FloorsExplain price controls, price ceilings, and price floors
Analyze demand and supply as a social adjustment mechanism
Demand, Supply, and EfficiencyContrast consumer surplus, producer surplus, and social surplus
Explain why price floors and price ceilings can be inefficient
Analyze demand and supply as a social adjustment mechanism
Instructions
Step 1: Identify the Number of Chapter Sections.
Chapter 3 contains 5 sections, which are listed below:Demand, Supply, and Equilibrium in Markets for Goods and Services
Shifts in Demand and Supply for Goods and Services
Changes in Equilibrium Price and Quantity: The Four-Step Process
Price Ceilings and Price Floors
Demand, Supply, and Efficiency
Step 2: Identify a Learning Outcome for each Chapter Section.
For each chapter section, please choose 1 learning outcome.
You should select a total of 5 learning outcomes.
Step 3: Write 3 or more Sentences for each Learning Outcome.
For each learning outcome you selected, in your own words, please write 3 or more sentences that demonstrate your achievement of the learning outcome.
You should write at least 3 sentences for each learning outcome.
Step 4: Proof-read for Spelling and Grammar
Please proof-read your work before submitting.
I do not grade on spelling and grammar. However, I will note whether your spelling and grammar is good or needs improvement.
If you see a needs improvement mark, please schedule an appointment with the Tutori
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