(6) Self-Test of Market Model Mastery
Equilibrium, Market Adjustment, Market Operations
This provides a self-test for viewers to check their mastery of market operations. An initial market equilibrium is shown, along with a proposed change in some factor affecting demand/supply. The viewer clicks on an arrow to indicate an appropriate curve shift, and immediate feedback is given.
Crane, Steven E., "(6) Self-Test of Market Model Mastery" (2011). Principles of Microeconomics. Paper 16.
Varies, based on viewer selection
Ability to use market model to show the effects of a change in some driver of demand or supply.
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