6th Grade Social Studies

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6th Grade Social Studies MAP Attack
Economics 2
Teacher Information
by Elaine Lopez
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Economics 2
How do economists define demand and supply? What
factors may cause changes in supply or demand for
a good or service? (MOSTD. II.D, 1.102.3)
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Economics 2
You are the inventor of a new toy. It is called
the Whats-a-ma-jig. It can be changed into
many things, such as a model car, or an
airplane, a doll or a robot.
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Economics 2
What factors of supply and demand would affect
the success of your toy? Fill in the chart on the
following slide. To get a definition of supply
demand click
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Economics 2
The Whats-a -ma-Jig Toy
Sample Answers
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Economics 2
Reasonable cost
Large quantity can be produced
Attractive advertising
Can be produced at low cost
Unique toy
Distributed by many stores
Wide age appeal
Profitable to produce
Can be used by boys girls
Safe and non-toxic
To title slide
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Economics 2
Supply Demand - An increase in the price of a
good or service enables producers to cover higher
costs and earn profits, causing the quantity
supplied to increase (and vice versa).
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6th Grade Social Studies MAP Attack
Teachers, To navigate through the slides, just
click on the screen. This will automatically
take you to the next slide. There are some pages
that have special instructions for viewing
answers, so be alert to them. Please take time to
preview each lesson before using with your class,
so you know how to navigate through it. Thanks
Back to beginning
by Elaine Lopez