Students must be able to describe how having or not having resources available are related and what that does to how much something costs.
Describe how the cost of a product is affected by whether or not resources needed to provide that product are available.
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3.9 Personal financial literacy. The student applies mathematical process standards to manage one's financial resources effectively for lifetime financial security. The student is expected to:
(B) describe the relationship between the availability or scarcity of resources and how that impacts cost