1. Grade 6
Economics
Supply and Market Equilibrium
FIB
1. The point where the demand for the goods is equal to the supply of those goods is called ……….
2. …………………..means the supply of the goods or services equals the demand of the goods and
services
3. ……….. is the total goods and services which a producer decides to sell in the market
4. If the price of the goods or services is more quantity supplied is ………
5. Supply curves shows ………….relationship between price and quantity supplied
6. When the price rises or goes up the supply of those goods in services …………..
Difference between the law of demand and law of supply
Think and Answer
KGT INTERNATIONALSCHOOL
Subject: Economics
Topic: Supply
Market equilibrium
Name _________________________Date__________
2. Demand & supply schedules
Draw the graph and find out the Equilibrium price.
