Worksheet on supply and demand predicting price changes based on various economic causes.

A worksheet titled "What's the Price?" from an Economics: Supply and Demand lesson, featuring a table with "Cause" and "Effect" columns. The worksheet includes scenarios such as fireworks sales before the 4th of July, holiday ornaments after Christmas, oil supply reduction, car model availability, and cupcake production. Students are asked to predict the price changes and explain the reasons. The worksheet is from "The Reflective Educator" by Sally Corbin.

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Show Answer Key & Explanations Step-by-step solution for: Supply and Demand | Economics Social Studies for Google Classroom ...

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- The price will increase because demand is high and supply is low right before the holiday.
- The price will decrease because demand is low after the holiday, and stores need to clear out excess inventory.
- The price will increase because the supply of gasoline has decreased due to the oil explosion, making it scarcer.
- The price will decrease because the dealer has excess supply of last year’s models and needs to sell them before new models arrive.
- The price will decrease because there is a surplus of cupcakes (300 instead of 50), so the bakery must lower prices to sell the extra stock.

Parent Tip: Review the logic above to help your child master the concept of economics supply and demand worksheet.

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Worksheet on supply and demand predicting price changes based on various economic causes.

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