Changes in Supply and Demand
Read this article to learn more about how changes in supply and demand affect the market price equilibrium. Make sure to answer the "Try It" questions.
Changes in Supply and Demand
Try It
In the following simulation, you will have the opportunity to change the weather and/or change the cost of parking in order to push up the price of food from a food truck. You can play the simulation multiple times to see how different choices lead to different outcomes.
Click here to open resource: https://courses.lumenlearning.com/wmopen-microeconomics/chapter/changes-in-supply-and-demand/