MARKET IN WHEAT GAME RESULTS
Name: ___________________
Honors Economics
1. What price was sold at most frequently? Explain why this happened.
2. Is that the best price buyers and sellers can do? Why or why not?
3. Why were there trades at prices higher than that price? Lower?
4. Why did you think some students made higher profits than others other than cheating?
5. For each round with changed rules, explain what happened to the price and quantity of trades
and why?
a. Limited sellers
b. Limited buyers
c. Limited prices (none high)
d. Limited prices (none low)
e. Silent
6. Do you think this is the best method of rationing wheat? If not, suggest what would make the
process better.