Catuaba is a small, vigorous growing tree with yellow and orange flowers and small yellow oval-shaped inedible fruit and grows in the rainforests in the northern part of Brazil.
Its use connotes the ideas of economists Robert Mundell and Arthur Laffer. Supply-side economics is likened by critics to the theory of trickle-down economics, which may, however, not actually have been seriously advocated by any economist in that form.upply-side economics developed during the 1970s in response to Keynesian economic policy, and in particular the failure of demand management to stabilize Western economies during the stagflation of the 1970s. It drew on a range of non-Keynesian economic thought, particularly the Chicago School and Neo-Classical School.
Supply and demand influence price and profit in a market economy Evidence Outcomes Students can: a. Define supply and demand b. Identify factors that cause changes in supply and demand c. Define and identify factors that impact price; d. Identify examples to illustrate that consumers ultimately determine what is produced in a market economy; e. Explain the function of profit in a market economy; f. Demonstrate how supply and demand determine equilibrium price and quantity; 21st-century Skills and Readiness Competencies Inquiry Questions: How do consumers determine what is produced?