Supply And Demand Worksheet Pdf

Students track one local gasoline price over two weeks and connect changes with news after reading a supply-and-demand overview.
Grades
Grades 3–5, Elementary
Pages
1
File type
PDF
Preparation
Print ready

Updated Jul 25, 2021

Subject
Social Studies, Economics
Topic
Supply, Demand
Resource types
Worksheets, Worksheets & Printables
Preparation
Print ready

Product description

From the author

This activity is a great way for students to learn about supply and demand! By choosing a local gas station's prices to watch, they can observe how changes in prices affect the market.

In the classroom

Teaching tips & learning objectives

Learning objectives

  • Distinguish supply from demand

  • Record a repeated market price over time

  • Describe a possible relationship among availability, demand, and price movement

Teaching tips

  • Use the same station and fuel grade throughout so observations remain comparable.

  • Separate directly observed price changes from possible explanations found in news reports.

Skills covered

  • Economic systems — supply and demand are connected with market price.

  • Longitudinal data collection — one price is tracked over multiple days.

  • Evidence interpretation — observations and explanatory news are considered separately.

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Resource details

Concepts & topics

Core concepts

  • Supply and demand

  • Market price

  • Price tracking

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