At the Toy Shop

Worksheet Description

This worksheet, “Toy Store – Teddy Bears and Toy Cars,” presents students with a series of scenarios related to running a toy store, with the objective of teaching the concepts of supply and demand. The situations include selling out toys rapidly, receiving new stock, celebrity endorsements, and introducing limited edition items. Each scenario is designed to prompt students to think about whether supply or demand has changed, and how these changes might affect the price and quantity of toys sold. Students must analyze and predict outcomes based on the given information, applying their understanding of economic principles.

The “Supply and Demand at the Toy Shop” worksheet is intended to teach students how different factors impact supply and demand in a business context. Through this exercise, students will learn to distinguish between increases in supply versus increases in demand and understand how these changes can influence market prices. They will also consider how marketing strategies and product scarcity can affect consumer interest. The worksheet aims to provide a practical application of supply and demand concepts, helping students to grasp these critical economic ideas and how they relate to everyday business operations.