Name
[pic] Name __________________
Supply & Demand (Economics)
Directions: Use the word bank to help answer the questions from the song “Supply and Demand”.
To provide something for the world to buy
Is what this concept tries to satisfy.
Can you guess the economic word? _______________________
There are many things that people want
Like clothes or food from a restaurant.
Can you guess the economic word? _______________________
Before a consumer can buy a thing
Someone has to make that thing to sell.
It can be a product or service done well.
Can you guess the economic word? _______________________
Most people in the world are considered this.
Stores are where they like to go.
When they buy a lot, the economy can grow.
Can you guess the economic word? _______________________
Supply & Demand (Economics) Cont’
Where was your favorite toy made?
Maybe it was built from foreign trade.
A company doesn't always make things alone.
Sometimes they buy from another time zone.
Can you guess the economic word? _______________________
If a company has something the world would like,
That company would be smart to start doing this
Can you guess the economic word? _______________________
[pic]
“Supply & Demand (Economics)” Answer Key
To provide something for the world to buy
Is what this concept tries to satisfy.
Can you guess the economic word? Supply
There are many things that people want
Like clothes or food from a restaurant.
Can you guess the economic word? Demand
Before a consumer can buy a thing
Someone has to make that thing to sell.
It can be a product or service done well.
Can you guess the economic word? Producer
Most people in the world are considered this.
Stores are where they like to go.
When they buy a lot, the economy can grow.
Can you guess the economic word? Consumer
Where was your favorite toy made?
Maybe it was built from foreign trade.
A company doesn't always make things alone.
Sometimes they buy from another time zone.
Can you guess the economic word? Imports
If a company has something the world would like,
That company would be smart to start doing this
Can you guess the economic word? Exports
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Word Bank
Supply Producer Imports
Demand Consumer Exports
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