---
title: "SSEMI2: Supply, Demand, and Prices (Georgia Social Studies standard)"
code: SSEMI2
cite_as: Georgia Standards of Excellence, Social Studies, SSEMI2
subject: social_studies
grades:
  - high-school
language: en
canonical_url: https://georgiahomeroom.org/standards/code/SSEMI2
md_url: https://georgiahomeroom.org/standards/code/SSEMI2.md
alternate_language_url: https://georgiahomeroom.org/es/standards/code/SSEMI2.md
source_url: https://case.georgiastandards.org/ims/case/v1p1/CFDocuments/a446e74c-463e-11e7-94f5-b49cee8b2d8c
source_last_changed: 2025-02-04
data_built: 2026-09-18
publisher: Georgia Homeroom, a free public-interest project of Georgia Civic Data. Not affiliated with or endorsed by the Georgia Department of Education or any school district.
up: https://georgiahomeroom.org/standards/social_studies/high-school.md
index: https://georgiahomeroom.org/standards/index.md
---

# SSEMI2: Supply, Demand, and Prices

Explain how the law of demand, the law of supply, and prices work to determine production and distribution in a market economy.

- Subject: Social Studies
- Appears in: High School, https://georgiahomeroom.org/standards/social_studies/high-school.md

## Expectations

- **SSEMI2a**: Define the law of supply and the law of demand.
- **SSEMI2b**: Describe various determinants (shifters) of supply and demand and illustrate on a graph how they can change equilibrium price and quantity.
- **SSEMI2c**: Explain and illustrate on a graph how prices set too high (e.g., price floors) create surpluses, and prices set too low (e.g., price ceilings) create shortages.

## Georgia Milestones coverage

No Georgia Milestones blueprint cites this standard.

Source: Georgia Standards of Excellence, published by the Georgia Department of Education at case.georgiastandards.org.