Supply and Demand
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Objective
I can explain the difference between supply and demand.
Part 1 of 4
Warm-up video
Miacademy & MiaPrep Learning Channel · 4:29Vetted channel
We don't generate video — this one is by Miacademy & MiaPrep Learning Channel on YouTube. The practice questions and exit ticket below were drafted by AI for this objective, and every question is editable in the teacher guide.
Part 2 of 4
Key concepts
3 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.
Part 3 of 4
Practice
3 questions
What does 'supply' mean in the story?
Imagine there are only a few new toy cars in the store, but many kids want to buy them. What will likely happen to the price of the toy cars?
Part 4 of 4
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?”
Sample answer included in the free materials
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Teacher guide, student handout, and slides — free, in Google Docs format
Teacher Guide
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Student Handout
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