WorksheetsWants and Needs/Supply and Demand
Total questions: 20
Worksheet time: 19mins
Name
Class
Date
1.
a)
need
b)
want
2.
What is a need?
a)
Nothing
b)
Something you have to have to live
c)
Something you would like to have
d)
Ice cream
3.
What is a want?
a)
A person
b)
Something you would like to have but don't need to live
c)
Purple
d)
Something you need to live
4.
Which of the following can be categorized as a want?
a)
Food
b)
Water
c)
Shelter
d)
Car
5.
Which of the following can be categorized as a need?
a)
MissMe Jeans
b)
Pants
c)
Cars
d)
Cell Phones
6.
a)
need
b)
want
7.
a)
need
b)
want
8.
a)
need
b)
want
9.
a)
need
b)
want
10.
a)
need
b)
want
11.
a)
need
b)
want
12.
a)
Need
b)
Want
13.
a)
Need
b)
Want
14.
a)
Need
b)
Want
15.
Farmers in California have had wonderful weather. They have produced the largest crop of watermelons in years. What will happen to the price of watermelons?
a)
The price will go up.
b)
The price will go down.
16.
The week before Halloween, pumpkin patches all around the country sell lots of pumpkins. What will happen to the price of pumpkins on the day after Halloween?
a)
The price will go up.
b)
The price will go down.
17.
What is demand?
a)
How much of an item is available for sale
b)
How much of the item people want to buy
18.
What is supply?
a)
How much of an item is available for sale
b)
How much of the item people want to buy
19.
Ms. Daley's class has 10 sharpened pencils. There are 21 students that need a pencil. What is the supply and demand situation?
a)
High supply, Low demand
b)
Low supply, Low demand
c)
Low Supply, High Demand
d)
High Supply, High Demand
20.
A store is selling a new video game. They ordered 50 copies of the game thinking a lot of people would want the game. However, only 15 people bought the game. What is the Supply and Demand situation?
a)
High Supply, High Demand
b)
Low Supply, Low Demand
c)
High Supply, Low Demand
d)
Low Supply, High Demand
100 %
