Supply & Demand – Economics Notes and Worksheet
- Grades
- Grades 8–12, Middle School, High School
- File type
- Preparation
- Print ready
- Subject
- Social Studies, Economics
- Topic
- supply and demand, economics lesson
- Resource types
- Worksheets & Printables, Worksheets
- Preparation
- Print ready
About this resource
What's inside 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
- Shortage
- Surplus
Topics
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