Intro to Business: Price Lesson

🎓 Intro to Business: Price | Full Lecture Video (Unit 9)
Welcome to Kloeker’s Education Foundation, where we provide quality content for amazing teachers. In this video, we explore how price works as a powerful tool in economics—affecting decisions, incentives, and outcomes for both consumers and businesses.

🧠 What You’ll Learn in This Lesson:

What price really means in economic terms

How relative price affects choices and opportunity cost

The three functions of price: information, incentives, and rationing

How price helps answer the economic questions: What to produce? How to produce it? For whom?

The law of supply and demand and how they determine price

What happens when there’s a shortage or surplus

How prices settle at equilibrium in a free market

The substitution effect and its role in price-based decisions

Ethical thinking in The Gray Zone: Should governments place price limits on insurance companies?

📥 Companion materials available:
PowerPoint, lecture notes, vocabulary, handouts, group activities, and assessments can be found in the
👉 Intro to Business: Price Unit 9 Bundle on Teachers Pay Teachers

🔗 Link to PowerPoint:
https://www.teacherspayteachers.com/Product/Intro-to-Business-Price-PowerPoint-13713457

🔗 Link to Unit:
https://www.teacherspayteachers.com/Product/Intro-to-Business-Uses-of-Price-Unit-9-Bundle-13713473

🔗 Link to Store:
https://www.teacherspayteachers.com/store/kloekers-education-foundation

📌 Ideal for high school business or CTE students, this lecture aligns with TEKS and national business education standards.

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