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SSEMI3

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Georgia Standards of Excellence
Social Studies
Grade 9-12
Economics
SSEMI3
SSEMI3
The student will explain how markets, prices, and competition influence economic behavior. Identify and illustrate on a graph factors that cause changes in market supply and demand. Explain and illustrate on a graph how price floors create surpluses and price ceilings create shortages. Define price elasticity of demand and supply.

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