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Worksheets

2023 Supply & Demand Practice

Total questions: 17

Worksheet time: 32mins

Name
Class
Date
1.

Due to the special 100th year anniversary of York High School, people will be attending York Homecoming in record numbers. Market: dresses in Elmhurst

a)

Demand Increase

b)

Demand Decrease

c)

Supply Increase

d)

Supply Decrease

2.

Levis will pay its workers $1.50 more per hour. Market: jeans

a)

Demand Increase

b)

Demand Decrease

c)

Supply Increase

d)

Supply Decrease

3.

Price of ground beef skyrockets. Market: Hamburger buns

a)

Demand Increase

b)

Demand Decrease

c)

Supply Increase

d)

Supply Decrease

4.

High levels of mercury found in canned tuna. Market: canned tuna

a)

Demand Increase

b)

Demand Decrease

c)

Supply increase

d)

Supply Decrease

5.

Price of BMW's drops. Market: Mercedes

a)

Demand Increase

b)

Demand Decrease

c)

Supply Increase

d)

Supply Decrease

6.

People return to Houston, one year after Hurricane Irma. Market: apartments in Houston

a)

Demand Increase

b)

Demand Decrease

c)

Supply Increase

d)

Supply Decrease

7.

Fisherman return to their fishing boats one year after Hurricane Maria. Market: striped bass

a)

Demand Increase

b)

Demand Decrease

c)

Supply Increase

d)

Supply Decrease

8.

Ford, the number one employer in Detroit, announces workers will be laid off. Market: the new iPhone in Detroit

a)

Demand Increase

b)

Demand Decrease

c)

Supply Increase

d)

Supply Decrease

9.

Drought hits peanut crop in Georgia. Market: peanut butter

a)

Demand Increase

b)

Demand Decrease

c)

Supply Increase

d)

Supply Decrease

10.

New machinery smashes peanuts twice as fast. Market: peanut butter

a)

Demand Increase

b)

Demand Decrease

c)

Supply Increase

d)

Supply Decrease

11.

US announces a tax on car tires to pay for national highway bridges. Market: car tires

a)

Demand Increase

b)

Demand Decrease

c)

Supply Increase

d)

Supply Decrease

12.

New methane process turns garbage into home heating fuel. Market: home heating fuel

a)

Demand Increase

b)

Demand Decrease

c)

Supply Increase

d)

Supply Decrease

13.

Price of shaving cream goes up. Market: manual razors

a)

Demand Increase

b)

Demand Decrease

c)

Supply Increase

d)

Supply Decrease

14.

Price of turkey rises. Market: chicken

a)

Demand Increase

b)

Demand Decrease

c)

Supply Increase

d)

Supply Decrease

15.

Due to Covid 19, US citizens are not allowed to travel to Italy. Market for airline tickets from Chicago to Rome.

a)

Demand Increase

b)

Demand Decrease

c)

Demand Unchanged

d)

Supply Increase

16.

Nike announces they will have a back-to-school special in August and shoes will be 20% off in August. Market: Nike shoes in July

a)

Demand Increase

b)

Demand Decrease

c)

Demand Unchanged

d)

Supply Decrease

17.

Due Covid 19, US automakers are forced to make hospital ventilators. Market for cars.

a)

Demand Increase

b)

Demand Decrease

c)

Supply Increase

d)

Supply Decrease