The Price of Gasoline: What's Behind It?

This The Price of Gasoline: What's Behind It? lesson plan also includes:

When gasoline is in high demand and on short supply, OPEC can raise the price to turn a significant profit. Help learners understand the economics behind demand, profit motive, and monopolies with a lesson that focuses on OPEC and gasoline prices. 

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Pros
  • Applicable to class members' lives and current events
  • Uses real-world examples to reinforce the concepts of supply and demand
Cons
  • None