The purpose of this task is for an adult diploma student to demonstrate competency in a fundamental concept in the area of economics: the law of supply and demand.
In this task, learners will read two texts to build background knowledge. There is a text-dependent question set to accompany each text. Learners will also watch a TED Talk and summarize the speaker’s main points. Finally, learners will write a business plan in which they apply what they have learned about how supply and demand impacts a business model.