Happy EconEdMonth! Celebrate economics all month long by visiting EconEdMonth.org

Grade 9-12
,
Activity

Reviewing Price, Supply and Demand

Time: 15 mins,
Updated: August 14 2023,
Author: Council for Economic Education
Teacher Version
Objective Standards Summary Resources Procedure
Print

Objective

Students will be able to:

  • Determine the relationship between price, supply and demand.

Standards

National Standards in Economics

State Standards

Concepts

Factor Markets, Market Equilibrium

In this economic activity, students will review the relationship between price, supply, and demand.

Resources

Procedure

This is an individual activity where students will review the terms and relationships of price, supply, and demand. To complete this activity, students need to follow the directions below:

  1. Choose which format to complete with your class: Use the correct terms to complete the sentences in the Quizizz activity, the Reviewing Price, Supply and Demand worksheet, or ReadyAssessments Activity.
  2. Then, check the answer key.
Subjects:
Economics

Related Resources

Grades 6-8, 9-12

A Review of Supply and Demand

In this economics activity, students will answer questions related to supply and demand curves.
Key Concepts: Factor Markets, Market Equilibrium
15 mins
Activity

Grades 9-12

Resource Allocation

In this economics lesson, students will evaluate how demand and supply affect resource allocation.
Key Concepts: Factor Markets, Market Equilibrium
60 mins
Lesson

Grades 6-8

The Supply and Demand of Toy Fads

In this economics lesson, students will examine the market responses to two different toys.
Key Concepts: Factor Markets, Market Equilibrium
60 mins
Lesson