This summative exam offers comprehensive questions to measure the cognitive ability of learners.
Objective
1. Define concepts in economics
2. Illustrate on how law of demand and supply including opportunity costs work
3. Offer feasible solutions to 21st century economic problems
Curriculum Information
Education Type
K to 12
Grade Level
Grade 12
Learning Area
Content/Topic
Chapter 2 Applied Economics: 2.1 Application of Supply and Demand; 2.2 Contemporary Economic Issues Facing the Filipino Entrepreneur
Intended Users
Educators, Learners
Competencies
Explain the law of supply and demand, and how equilibrium price and quantity are determined
Discuss and explain factors affecting demand and supply
