WorksheetsSupply and Demand
Total questions: 21
Worksheet time: 7mins
If the price of printers goes down, what happens in the market for ink cartridges?
Supply increases.
Supply decreases.
Demand increases.
Demand decreases
Generally speaking, the lower the price, the greater the quantity demand.
True
False
For the law of demand, as price rises, what happens to quantity demanded?
it goes up
it goes down
it stays the same
it is not effected
For the law of supply, as price rises, what happens to quantity supplied?
it goes up
it goes down
it stays the same
it is not effected
The amount of a good or service that is available to consumers
Supply
Demand
Saver
Spender
Generally speaking, the lower the price, the greater the quantity demand.
True
False
The point where supply and demand are balanced
shifters
equilibrium
surplus
shortage
A year ago, there were 12 companies that made motorized scooters. But over the past month, 5 of those companies went out of business. What probably happened to the overall supply of motorized scooters?
The supply probably went up.
The supply probably went down.
A drought has made this year's tomato harvest smaller than usual. What will probably happen to the overall supply of tomato sauce?
The supply will probably go up
The supply will probably go down
Weather forecasters predict this summer will be much hotter than usual. What will probably happen to the demand for air conditioners?
The demand will probably go up
The demand will probably go down
