What is Supply and Demand?

Spark curiosity with an economics adventure made just for second and third graders! This worksheet introduces young learners to the essential concepts of supply and demand in a clear and engaging way.

Students begin by learning simple definitions of supply and demand and what it means when each one is high or low. Then, they put their understanding into action by reading eight real-world scenarios and deciding whether each example shows high or low supply and demand. The activity encourages them to think critically about how goods are bought, sold, and valued.

Understanding supply and demand is an important stepping-stone for second and third graders as they build foundational  economic knowledge. This early exposure helps students make sense of everyday situations, such as why popular items sell out or why prices can change, and prepares them for deeper learning about how the economy works.

For more economic practice, see What Are Producers and Consumers?.