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Supply, demand and market price

This classroom material helps 10th-grade students practice understanding supply, demand, and market price concepts through question types like multiple-choice, ordering steps, and fill-in-the-blank exercises. It explores laws of demand and supply, market equilibrium, surplus, and shortage with real-world examples.

By Edform · Economics and personal finance · Grade 10 · Published Oct 15, 2026 · Used 1 time

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Questions

  1. Which situation best describes a market equilibrium?
  2. Which of the following would cause the demand for pizza to increase? Select all that apply.
  3. Put these steps in the correct order to show what happens when there is a surplus in the market.
  4. Fill in the blanks: According to the law of supply, as the price of a good increases, the quantity supplied _, and as the price decreases, the quantity supplied _.
  5. Sort each scenario into the correct category: Surplus or Shortage.

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