Founders' Night Exchange
Trade pastry ingredients and examine how market prices coordinate buyers and sellers.
Open activityAct IV · The Play Begins · Module 09
The Town Square
Market equilibrium
20 slides · Hubbard & O'Brien, chapter 3 (Part C).
The story
Where this fits in Marginal Falls
The mayor steps back from announcing prices. Buyers arrive with demand plans and sellers arrive with supply plans. The town square shows how prices coordinate those plans and how shortages and surpluses put pressure on the market outcome.
A question to take into class
What happens when the posted price makes buyers want more pastries than sellers are willing to provide?
From the slides to the classroom
Activities used in this module
Activities open at marginalfalls.com. Students join using the room code supplied by their instructor.