Supply and Demand High School Economics Printable Worksheet or Google Slides - Free Printable

The image you provided illustrates a graphing activity for students using Google Slides. The task involves creating demand and supply curves based on given data and answering related questions. Below is a detailed explanation of the solution:

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Step 1: Understand the Task

The goal is to:
1. Graph the demand and supply curves using the provided data.
2. Answer questions about equilibrium, surplus, and shortage.

#### Given Data:
- Price (in dollars)
- Quantity Supplied
- Quantity Demanded

| Price | Quantity Supplied | Quantity Demanded |
|-------|-------------------|--------------------|
| $10 | 60 | 20 |
| $9 | 50 | 30 |
| $8 | 40 | 40 |
| $7 | 30 | 50 |
| $6 | 20 | 60 |
| $5 | 10 | 70 |
| $4 | 0 | 80 |

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Step 2: Graph the Demand and Supply Curves

#### Demand Curve:
- The demand curve shows the relationship between price and quantity demanded.
- Plot the points from the table where the x-axis represents Quantity Demanded and the y-axis represents Price.
- Connect the points with a downward-sloping line (since higher prices lead to lower quantities demanded).

#### Supply Curve:
- The supply curve shows the relationship between price and quantity supplied.
- Plot the points from the table where the x-axis represents Quantity Supplied and the y-axis represents Price.
- Connect the points with an upward-sloping line (since higher prices lead to higher quantities supplied).

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Step 3: Identify the Equilibrium Point

- Equilibrium occurs where the quantity demanded equals the quantity supplied.
- From the table:
- At Price = $8, Quantity Supplied = 40 and Quantity Demanded = 40.
- Therefore, the equilibrium price is $8, and the equilibrium quantity is 40.

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Step 4: Calculate Surplus and Shortage

#### Surplus:
- Surplus occurs when the quantity supplied exceeds the quantity demanded at a given price.
- For example, at Price = $10:
- Quantity Supplied = 60
- Quantity Demanded = 20
- Surplus = Quantity Supplied - Quantity Demanded = 60 - 20 = 40

#### Shortage:
- Shortage occurs when the quantity demanded exceeds the quantity supplied at a given price.
- For example, at Price = $4:
- Quantity Supplied = 0
- Quantity Demanded = 80
- Shortage = Quantity Demanded - Quantity Supplied = 80 - 0 = 80

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Step 5: Answer the Questions

Based on the above analysis, the answers to the questions are:

1. What is the price where the quantity demanded and quantity supplied are equal?
- $8

2. What is the quantity demanded and supplied at this price?
- 40

3. What is the surplus at $10?
- 40

4. What is the shortage at $4?
- 80

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Final Answer:

\[
\boxed{
\text{1. $8} \quad
\text{2. 40} \quad
\text{3. 40} \quad
\text{4. 80}
}
\]

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Explanation of the Activity in Google Slides:

- Students are instructed to drag bullet points and curves onto the graph to visualize the demand and supply relationships.
- This interactive approach helps students understand economic concepts visually and reinforces their learning through hands-on engagement.

If you have any further questions or need additional clarification, feel free to ask!