How Markets Operate | Classroom Posters / Handouts

This classroom poster set / student handout encourages Economics students to consider how markets work and how they are inter-related.

The discussion questions posed in this resource are:

• What can impact on the level of demand for a product or service?
• What can impact on the level of supply of a product or service?
• What can impact on how elastic the demand may be for a product or service?
• What can impact on how elastic the supply may be for a product or service?
• How can markets be inter-related?
• What are the benefits of specialisation, division of labour and exchange?