<Standard E.2.5 ..................................................................................................................................................................Standard E.2.7>

Demonstrate how supply and demand determine equilibrium price and quantity in the product, resource, and financial markets.


  • Supply is the amount of a product that is available.
  • Demand is the amount of a product that is desired by the consumers.

lessonplan.jpgClick here for a website with possible lesson plans on the concept of supply and demand.

Multimedia.png This short video is a common coreteaching resource and rap son on supply and demand. Supply and demand can be further examined by watching this short clip.

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Video on Equilibrium Price https://www.youtube.com/watch?v=7eZcPs9z9OA

Khan Academy video on Equilibrium Price https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/market-equilibrium-tutorial/v/market-equilibrium#!

Supply and Demand and the invisible hand http://www.infoplease.com/cig/economics/equilibrium-mr-demand-meet-mr-supply.html

Supply and Demand are important obtaining an equilibrium price. The equilibrium price is the price at which the supply is equal to the demand. This allows the seller to sell as much product as possible without having too much unsold product left over, or worse yet, having not enough product to meet consumer needs.

The equilibrium quantity is the amount of a product that is supplied by the seller or demanded by the consumer at the equilibrium price. This again helps meet the amounts determined by supply and demand.

http://www.socialstudiesforkids.com/articles/economics/supplyanddemand1.htm
http://www.investorwords.com/1723/equilibrium_price.html
http://www.investorwords.com/6800/equilibrium_quantity.html


Lemonade Stand Economics activity to get kids to understand how to run business/deal with supply and demand.

Supply and Demand Youtube links for kids, simple