Supply and Demand
Grade 2nd Grade · Social Studies · 30 min
What's Included
Learning Objective
I can explain the difference between supply and demand.
Warm-Up Video
Miacademy & MiaPrep Learning Channel · 4:29
Supply and Demand - Learn How Goods and Services Work
Guided Notes
3 key concepts
- 1
Supply means how many of something is available, and demand means how many people want that thing.
- 2
When something is in high demand, the price can go up, but when there's a high supply, the price might go down.
- 3
The best time to buy a coat is in the summer because not many people want them then.
Practice Questions
3 questions · Multiple choice & Short answer
Exit Ticket
Quick comprehension check
“Imagine there are only a few cookies at the store (small supply), and many kids want cookies (big demand). Will the cookies cost more or less money?”
Complete Lesson Package
Get all 3 ready-to-use resources:
