WorksheetsSupply and Demand
Total questions: 14
Worksheet time: 6mins
Utah farmers add over 800 tons of tart cherries each year to local suppliers. This is an example of what term:
supply
demand
consumer
shortage
A person or company that makes, grows, or supplies goods to sell.
consumer
producer
shifter
equilibruim
People want a leaner protein than red meats. This will increase the _________________ for chicken breasts.
supply
demand
shortage
surplus
Who are consumers of food and agricultural products? choose all that apply
families
schools
businesses
you
A farmers market has 10 cases of strawberries but only 6 are sold. This is an example of ___________________.
shifters
equilibrium
surplus
shortage
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 _________________.
shifters
equilibrium
surplus
shortage
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 __________________________.
shifters
equilibrium
surplus
shortage
The point where supply and demand are balanced
shifters
equilibrium
surplus
shortage
Which of the following are factors that will DECREASE supply. check all that apply
natural disasters
new or better technology
plant or animal diseases
good quality products
What factors will INCREASE demand? check all that apply
poor quality
trending or popular
out of season
good price
When supply is low and demand is high, what will happen to the price?
rise
fall
When demand is low and supply is high, what will happen to the price?
rise
fall
What factors will INCREASE supply? check all that apply
good economy; lots of jobs
accidents
out of season crops
good weather
Which of the following factors can DECREASE demand? check all that apply
lack of resources
new releases
price is too high
lack of interest in product
