US High School Economics class: Wall Street turns to ‘solar grazing’ sheep in its push to go green
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
Read our full range of US High School economics picks here.
Specification:
Supply and Demand
Click to read the article below and then answer the questions:
Wall Street turns to ‘solar grazing’ sheep in its push to go green
How has solar demand affected demand for sheep?
Graph the market for sheep. Show the change identified in the previous question on the graph. What happens to the equilibrium price and quantity of sheep? Why?
Identify any externalities mentioned in the article. Are these externalities over or undersupplied?
Is the relationship between the sheep and solar farmers consistent with the predictions of the Coase theorem? Why or why not?
Ariel Slonim at MRU Econinbox
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