Metadata
Business & Economics Grade 6-8 Analyze Hard- 
        SubjectBusiness & Economics 
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        Education levelGrade 6-8 
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        Cognitive goalsAnalyze 
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        Difficulty estimateHard 
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        Tagseconomics, supply and demand, pricing, profit analysis, market equilibrium, advertising 
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        Number of questions5 
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        Created on
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        Generation sourceFully autonomous and synthetic. Generation by GENO 0.1A using GPT-5-mini 
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        LicenseCC0 Public domain 
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        PromptTest 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.
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      Mock data used for demo purposes.