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Worksheets

Supply and Demand

Total questions: 14

Worksheet time: 6mins

Name
Class
Date
1.

Utah farmers add over 800 tons of tart cherries each year to local suppliers. This is an example of what term:

a)

supply

b)

demand

c)

consumer

d)

shortage

2.

A person or company that makes, grows, or supplies goods to sell.

a)

consumer

b)

producer

c)

shifter

d)

equilibruim

3.

People want a leaner protein than red meats. This will increase the _________________ for chicken breasts.

a)

supply

b)

demand

c)

shortage

d)

surplus

4.

Who are consumers of food and agricultural products? choose all that apply

a)

families

b)

schools

c)

businesses

d)

you

5.

A farmers market has 10 cases of strawberries but only 6 are sold. This is an example of ___________________.

a)

shifters

b)

equilibrium

c)

surplus

d)

shortage

6.

A grocery store runs out of their 1 gallon tubs of ice cream. Five consumers leave the store without getting their ice cream. This is an example of _________________.

a)

shifters

b)

equilibrium

c)

surplus

d)

shortage

7.

A hurricane destroys thousands of citrus trees in Florida. As a result, the supply goes down and price for citrus fruits go up. This factor that effects the supply is an example of __________________________.

a)

shifters

b)

equilibrium

c)

surplus

d)

shortage

8.

The point where supply and demand are balanced

a)

shifters

b)

equilibrium

c)

surplus

d)

shortage

9.

Which of the following are factors that will DECREASE supply. check all that apply

a)

natural disasters

b)

new or better technology

c)

plant or animal diseases

d)

good quality products

10.

What factors will INCREASE demand? check all that apply

a)

poor quality

b)

trending or popular

c)

out of season

d)

good price

11.

When supply is low and demand is high, what will happen to the price?

a)

rise

b)

fall

12.

When demand is low and supply is high, what will happen to the price?

a)

rise

b)

fall

13.

What factors will INCREASE supply? check all that apply

a)

good economy; lots of jobs

b)

accidents

c)

out of season crops

d)

good weather

14.

Which of the following factors can DECREASE demand? check all that apply

a)

lack of resources

b)

new releases

c)

price is too high

d)

lack of interest in product