Supply and Demand at the Ice Cream Shop

Study how supply and demand work by managing an ice cream shop! In the first two questions, students are given a scenario describing a change in supply or demand. Learners will fill in the blanks, then select the best choice. In the last question, students will write a short response to explain how they would handle a busy day at the shop.

This worksheet will reinforce third and fourth graders’ understanding of supply and demand and how it affects decision-making. Business owners must adapt to changes in supply and demand to make sure their customers’ needs are met. This understanding will build students’ financial literacy and lay the foundation for learning about markets, pricing, and more complex economic concepts.

Keep practicing with Supply and Demand Sort, Supply and Demand: Cause and Effect, and Identifying Changes to Supply and Demand.