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\nAwesome Supply and Demand Activity- The Pearl Exchange\n

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\n\nPublisher:\n\nACDC Leadership\n\n\n
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\nThe Pearl Exchange is a hands-on experiential learning activity that shows how buyers and sellers determine equilibrium price in a market. It also shows how changes in a market will lead to shortages or surpluses and result in changes in...\nThe Pearl Exchange is a hands-on experiential learning activity that shows how buyers and sellers determine equilibrium price in a market. It also shows how changes in a market will lead to shortages or surpluses and result in changes in price and quantity. Please contact me if you are interested in the worksheet that accompanies this activity. *Note to Teachers* This activity is designed to show generally how markets adjust to changes. Like all simulations, some parts are oversimplified or contrived to illistrate a concept. Examples: 1. Producers don't only sell one unit 2. Equilibrium price is not an average of the market price 3. When supply decerases, like in Round 3, producers don't become buyers (I do this to make sure all students can still participate)\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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7:46
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nACDC Leadership\n\n
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Date
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2010
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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surplus, prices, numbers, selling, exchange, hands, demand
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Additional Tags

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supply, and, activity, pearl, on, consumer, producer, price, quantity, shortage, demonstration, makes sense, buying diamonds, producer surplus, negative number, minimum price, minimum, maximum, gonna, sellers, seller, guys, wall, make, pearls, sale, sell, good, buyers, half, negotiating, buyer, round, give, back
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Classroom Considerations

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Best For: Explaining a topic
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Educator Ratings

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