Supply and Demand

Corn crops around the country grew very well this year and there is more supply than people normally buy. What will happen to the price of corn? 

• increase

• decrease

A new restaurant opens up in a small town. Everyone wants to try it. There are only 15 tables available. What happens to the demand for reservations?

• increase

• decrease

It is winter in the north east, which means very cold temperatures and snow. The demand for ice cream will probably __________.

• increase

• decrease

You are at an amusement park when it begins to rain. The demand for umbrellas and ponchos will _______.

• increase

• decrease

There is a drought and fewer strawberries are available. The demand for strawberries is high so the price _________.

• high

• low

It is only a few days before Halloween and the store is almost out of candy. The price for candy will ________.

• increase

• decrease

The department store has a large supply of winter coats in March. What will happen to the price of the coats? 

• increase

• decrease

The car dealership has too many of last year’s model still on the lot to sell. The new models will be delivered soon. What will happen to the price of last year’s model car?

• increase

• decrease

An oil leak reduces the amount of oil available to make gasoline for cars and trucks. The price of oil will ________.

• increase

• decrease

Many kids want a hover board for Christmas, but the supply is running low as Christmas years. Since many people want one, the price of hoverboards will ______.

• increase

• decrease