This video teaches the concept of Supply. Supply refers to a relationship between price and the quantity of a good or service that firms are willing to produce.

Key Concepts

Markets, Price, Price Floor, Producers, Supply, Price Ceiling

OTHER RELATED LESSONS

To Market To Market

This lesson will help students become good consumers and producers by taking turns buying and selling things in a classroom-created market. Students will establish prices for items and observe what happens during the sale of those items.

Grades K-2, 3-5

Transportation: They Say We Had a Revolution (Part 1)

Advancements in transportation have played a key role in the growth of our nation. U.S.government policies have also had a considerable impact on the development of transport as we know it today. In this series of three lessons,the students examine transportation and its impact on our nation (and...

Grades 6-8, 9-12

Henry Ford and the Model T: A Case Study in Productivity (Part 3)

When Henry Ford announced he was going to produce an automobile that would be affordable to the masses, it is doubtful even he realized the far reaching impact such an achievement would have on life in the U.S. and eventually, the world. Ford’s use of mass production strategies to manufactu...

Grades 6-8, 9-12

NOT your Grandma's Lemonade Stand

After a review of elementary economic concepts, students will apply their understanding by playing an online computer game, Lemonade Stand. This game has the students competing against themselves and others to earn the biggest profit in 25 days time (approximately 15 minutes computer time)....

Grades 3-5, 6-8

Transportation: They Say We Had a Revolution (Part 2)

Advancements in transportation have played a key role in the growth of our nation. U.S.government policies have also had a considerable impact on the development of transport as we know it today. In this series of three lessons, the students examine the advancements in automobiles, roads, airline...

Grades 6-8, 9-12