90986 Consumers, Producers, Government and Market Equilibrium - Home Use
90986 Consumers, Producers, Government and Market Equilibrium - Home Use
LearnWell Digital
This version of the resource is for home use. Students work independently through the resource. If you are a teacher, you should purchase the school use version.
Expired NCEA Achievement Standards
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What you'll learn
This course covers the things you'll need to know and be able to do for Achievement Standard‚ 90986 (Economics 1.4) Demonstrate understanding of how consumer, producer and/or government choices affect society, using market equilibrium.
In it you'll find answers to questions like:
- How do producers' and consumers' choices affect the market?
- What is the market's role in determining resource allocation?
- What is market equilibrium and its relation to‚ market supply and demand?
- How do changes in supply and demand affect the supply and demand model?
- How does the market respond to these factors and how is new equilibrium created?
- How and why does the government intervene in the market?
- What are the effects of price controls, taxes, indirect taxes and subsidies and how can these be reflected in the supply and demand model?
LearnWell Digital resources bring you the same great learning as in our books - but in an interactive digital format. They are accessed by using the iQualify online learning platform, where you'll find all your digital resources together in one place.
You can find out more on the information page about our‚ LearnWell Digital resources.
