Grade 6-8, 9-12
,
Activity
A Review of Supply and Demand
Objective
Students will be able to:
- Label and identify parts of the supply and demand curves.
Standard
National Standards in Economics
Markets and Prices
Standard: 7
- Students will understand that: Markets exist when buyers and sellers interact. This interaction determines market prices and thereby allocates scarce goods and services.
- Students will be able to use this knowledge to: Identify markets in which they have participated as a buyer and seller and describe how the interaction of all buyers and sellers influences prices. Also, predict how prices change when there is either a shortage or surplus of the product available.
Concepts
![](https://preview2.econedlink.org/wp-content/uploads/2021/08/iStock-852605058-1024x683.jpg 1024w, https://preview2.econedlink.org/wp-content/uploads/2021/08/iStock-852605058-300x200.jpg 300w, https://preview2.econedlink.org/wp-content/uploads/2021/08/iStock-852605058-768x512.jpg 768w, https://preview2.econedlink.org/wp-content/uploads/2021/08/iStock-852605058-1536x1024.jpg 1536w, https://preview2.econedlink.org/wp-content/uploads/2021/08/iStock-852605058-2048x1365.jpg 2048w, https://preview2.econedlink.org/wp-content/uploads/2021/08/iStock-852605058-100x67.jpg 100w)
In this economics activity, students will answer questions related to supply and demand curves.
Resources
Procedure
This is an individual activity where students will review the concepts related to supply and demand. Choose one of the following formats for your students to complete the activity: Review of Supply and Demand Quizizz, Review of Supply and Demand Worksheet, or the ReadyAssessments Activity. You can facilitate student work in real time with the answer key.To complete this activity, students need to follow the directions below:
- Choose which format you would like to use to complete: Review of Supply and Demand Quizizz, Review of Supply and Demand Worksheet, or the ReadyAssessments Activity.
- Answer the questions about these concepts
Subjects:
Economics