Supply & Demand – Economics Notes and Worksheet
- Year levels
- Years 8–12
- File type
- Preparation
- Print ready
- Subject
- Social Studies
- Topic
- Supply and Demand, Economics Lesson
- Resource types
- Worksheets
- Preparation
- Print ready
From the author
About this resource
Throughout my years of teaching economics, I have tried to find the best format to teach supply and demand in such a way that students truly understand. Comprehending economic concepts such as price, quantity, equilibrium price, and how they all work together can be difficult to learn and teach. I have now put together a comprehensive set of notes and reinforcement worksheets for you to help students understand this important economic concept. You will find this resource to be big in content yet simple and on-point. I know you and your students will love this!
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In the classroom
Teaching tips & learning objectives
Learning objectives
Identify equilibrium price and quantity from a graph
Determine whether a price creates a shortage or a surplus
Predict how shifts in supply or demand change the equilibrium price
Teaching tips
The notes and the digital worksheet open from links in the PDF, so the digital option needs internet access; the printable worksheet does not.
Skills covered
Graph reading — finding quantity supplied and demanded at given TV prices
Curve shifting — drawing new supply or demand curves for market changes
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Resource details
Concepts & topics
Core concepts
Core concepts
Supply
Demand
Equilibrium price
Topics
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