U1 - Supply and Demand Practice

You are the owner of a shoe company and you just received your first athlete sponsorship from Lebron James. What will happen to the production of shoes?

• Increase

• Decrease

• Stay the same

You are the owner of a shoe company and you just received your first athlete sponsorship from Lebron James. What will happen to the price of shoes?

• Increase

• Decrease

• Stay the same

You are a videogame shop owner and the next generation systems were just released. You have over 200 older generation systems still in stock. What will happen to the production/ordering of older systems?

• Increase

• Decrease

• Stay the same

You are a videogame shop owner and the next generation systems were just released. You have over 200 older generation systems still in stock. What will happen to the price of older systems?

• Increase

• Decrease

• Stay the same

You are a farmer with ample corn. Other farmers have struggled to produce their corn crop this year. What will happen to the production of corn?

• Increase

• Decrease

• Stay the same

You are a farmer with ample corn.  Other farmers have struggled to produce their corn crop this year. What will happen to the price of your corn

• Increase

• Decrease

• Stay the same

1. The movie theater just raised the price of movie tickets $5. What will happen to the demand of the tickets?

• Increase

• Decrease

• Stay the same

1. It is the day after Halloween and all the candy at the grocery store is 50% off. What will happen to the demand of the candy?

• Increase

• Stay the same

• Decrease