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Economics Word Find
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Name:Date:
Economics Word Find
Find the 10 economics terms hidden in the grid. Words run from left to right. Then use the market scenario and your economics knowledge to solve the questions.
Word find
Find the 10 economics terms hidden in the grid. Tick each word when you find it.
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1.Match each economics term to its meaning.
- Supply
- Demand
- Surplus
- Shortage
- Buyers want more of a good than sellers offer
- How much sellers are willing and able to offer
- How much buyers are willing and able to buy
- More of a good is offered than buyers want
2.At a market stall, lots of people want the last few jars of honey. What is this situation called?
- A surplus
- A shortage
- A subsidy
- A tax
3.If the price of apples rises, sellers may be encouraged to bring more apples to the market.
TrueFalse
4.When buyers want exactly the same quantity of a good as sellers offer, the market is in .
5.A council helps local growers by paying part of the cost of planting fruit trees. Which word from the puzzle best describes this support?
6.In your own words, describe the difference between a price ceiling and a price floor.
7.A tax is added to each bottle of fizzy drink sold. Give one way this might affect buyers or sellers.
8.A factory sells a product cheaply but its pollution harms nearby people who are not buying or selling it. Why might this be called market failure?
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