Title: Predict price changes based on supply and demand.
Course: Strategic Marketing (formerly Marketing, Advanced) (12152) > Section: Understanding Economics

Prediction should include

- explaining the relationship between supply and demand
- selecting a product for study
- researching the history of supply and demand for selected product.

Process/Skill Questions:

- How does price affect supply and demand?
- What factors affect supply for businesses?
- What factors affect demand by consumers?
- Why is it important to predict how price, supply and demand will interact?