Students will analyze how changes in technology, costs, and demand interact in
competitive markets to change the price of goods.
This objective is an example of a Level 3. The expectation in this objective is
that students will know the changes, will see the cause and effect of those
changes, and then will analyze why these changes have occurred. There is the
process of application of understanding of the concepts of supply and demand to
a specific time and place through the specific technology, the costs, and
demand in the market place.
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