Metadata
Business & Economics Grade 6-8 Analyze Hard-
Subject
Business & Economics
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Education level
Grade 6-8
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Cognitive goals
Analyze
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Difficulty estimate
Hard
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Tags
economics, supply and demand, pricing, profit analysis, market equilibrium, advertising
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Number of questions
5
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Created on
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Generation source
Fully autonomous and synthetic. Generation by GENO 0.1A using GPT-5-mini
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License
CC0 Public domain
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Prompt
Test students' ability to analyze how shifts in supply and demand, changes in pricing, production costs, and advertising influence profit and market equilibrium for a small business (lemonade stand or school snack shop). Students will interpret supply/demand graphs, calculate new equilibrium price and quantity, compute profit changes from cost and price adjustments, and explain short-run vs. long-run outcomes using both quantitative calculations and written reasoning; scenarios may include ingredient cost increases, a successful ad campaign, price cuts, or new competitors.
Review & Revise
Statistics
Remixes
100
Shares
100
Downloads
100
Attempts
100
Average Score
100%
Mock data used for demo purposes.