ACHIEVEMENT STANDARD 90985

Demonstrate understanding of producer choices using supply

Credits 3

Achievement Achievement with merit Achievement with excellence
Demonstrate understanding of producer choices using supply. Demonstrate in-depth understanding of producer choices using supply. Demonstrate comprehensive understanding of producer choices using supply.
Definitions:

Producer refers to an individual or firm that supplies a good or service.

Producer choices refer to economic decisions a producer makes in response to changes in price and non-price factors affecting supply.

Supply refers to the quantity of a good or service that a producer is willing and able to sell at a range of prices.  This includes using supply curves and schedules to show changes.

Demonstrate understanding would typically involve:

 

Demonstrate in-depth understanding would typically involve:

Demonstrate comprehensive understanding would typically involve: