Supply and demand practice

Supply and Demand Practice

Labelling

Drag the labels to the correct place.

Drag labels to their correct position on the image

Demand Curve

Supply Curve

Price

Quanitity

Categorize

Options (12)

Consumer preferences

Price of substitute

Price of complement

Consumer Incomes

Population

Consumer Expectations

Resource Cost

New Production technology

Taxes

Subsidies

Producer Expectations

Number of Producers

Sort what shifts supply and what shifts demand.

Demand Shifter

Supply Shifter

Draw

Graph the change in the market for hot sauce if chicken wingsgo on sale.

Drag and Drop

The demand for hot sauce has gone up, so equilibrium price has​

Placeholder

and equilibrium quantity has​

Placeholder

Drag these tiles and drop them in the correct blank above

increased

decreased

not changed

increased.

Dropdown

Hot peppers grew really well this year. This graph of the hot sauce market shows an​ increase in​

Select answer

and a change in ​

Select answer

. Producers are responding to ​

Select answer

, while consumers are responding to a lower ​

Select answer

.

Draw

Add a price ceiling to the graph.

Dropdown

The government put a limit on the price of iPhones, creating a​

Select answer

​

Draw

Graph the change in the market for hot sauce if pepper farms are destroyed in a storm.

Drag and Drop

The supply of hot sauce has gone down, so equilibrium price has​

Placeholder

and equilibrium quantity has​

Placeholder

Drag these tiles and drop them in the correct blank above

increased

decreased

not changed

decreased.

Labelling

Drag the label to the correct graph.

Drag labels to their correct position on the image

Decrease in Supply

Decrease in Demand

Increase in demand

Increase in Supply

Match

Match the following as they relate to the lemonade market:

• News: Lemonade prevents kidney stones.

• Soda is on sale today.

• The lemon crop is the biggest it has been in years.

• Lemonade workers insist on a $3/hr pay raise.

Increase in Demand

Decrease in Demand

Increase in Supply

Decrease in supply

• Increase in Demand

• Decrease in Demand

• Increase in Supply

• Decrease in supply

Categorize

Options (7)

Government subsidizes iPhone production.

New process makes manufacturing iPhones easier.

Newest Pixel phone has better camera.

Tax on iPhones is imposed in the US.

iPhone becomes the only provider that carries TikTok.

Silicon chip shortage affects cell phone industry.

Android phones see a 10% price increase.

Sort the stories by how they will affect the market for iPhones.

Increase Supply

Decrease supply

Increase Demand

Decrease demand.