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Supply and demand practice

Supply and demand practice

Assessment

Presentation

Social Studies

7th Grade

Practice Problem

Easy

Created by

Jana Lane

Used 2+ times

FREE Resource

1 Slide • 12 Questions

1

Supply and Demand Practice

2

Labelling

Drag the labels to the correct place.

Drag labels to their correct position on the image

Demand Curve

Supply Curve

Price

Quanitity

3

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

4

Draw

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

5

Drag and Drop

Question image
The demand for hot sauce has gone up, so equilibrium price has​
and equilibrium quantity has​
Drag these tiles and drop them in the correct blank above
increased
decreased
not changed
increased.

6

Dropdown

Question image
Hot peppers grew really well this year. This graph of the hot sauce market shows an​ increase in​
and a change in ​
. Producers are responding to ​
, while consumers are responding to a lower ​
.

7

Draw

Add a price ceiling to the graph.

8

Dropdown

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

9

Draw

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

10

Drag and Drop

The supply of hot sauce has gone down, so equilibrium price has​
and equilibrium quantity has​
Drag these tiles and drop them in the correct blank above
increased
decreased
not changed
decreased.

11

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

12

Match

Question image

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

13

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.

Supply and Demand Practice

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