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. |
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: