How Do Supply and Demand Affect Prices?

Students investigate how prices are based on supply and demand in this economics worksheet for middle grades! The first page of this two-page worksheet features an explanation of how supply and demand can change and how this affects the prices of goods and services. Then, on page two, students will read several real-world scenarios and determine how the supply or demand would change based on each context, as well as whether the price would likely increase or decrease in each scenario. For a basic overview of how supply and demand can rise and fall, have students complete the What Are Supply and Demand? worksheet first.