Chapter 3

Price Determination

How do we explain the cost of a good or service? What is happening when a price increases or decreases? What causes production shortages?

Practice Questions

This video goes over the solutions to the questions at the end of the chapter. Be sure you've finished all practice questions before watching.

Chapter Quiz

Take this quiz once you've read the chapter and worked through the practice questions. You may consult your notes and book during the quiz.

Click Here to begin.