Supply, Demand, and Scarcity: Homeschool Assignment

Instructor: Megan Sarkisian
Students explore the impact of scarcity through the lens of supply of and demand for a popular holiday gift. They discuss the price and availability of the gift and its relationship to Market Supply and Demand Schedules.

Assignment Instructions for Students

To better understand the impact of scarcity, research a news story about a popular holiday gift in the past five years. In 2-3 paragraphs, explain how the supply and demand for this product affected the price and how it relates to Market Supply and Demand Schedules. Be sure to include sources found during your research.

Assignment Rubric for Parents

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