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WorksheetsSupply and Demand
Total questions: 12
Worksheet time: 6mins
Supply is .....
something that people make or grow.
work that people do for other people.
how much of a good or service is available to buy.
how much of a good or service people want to buy.
What is demand?
how much of a good or service people want to buy.
things that people make or grow.
When would you say the supply of skateboards is high?
When there are not many skateboards available to buy.
When there are a lot of skateboards available to buy.
When would you say the demand for burritos is low?
When a lot of consumers want to buy burritos.
When not many consumers want to buy burritos.
When the supply of a good is low, and the demand is high, what usually happens to the price of the good?
It goes up.
It goes down.
If farmers don't have a lot of corn to sell, and there are a lot of people that want to buy corn. What will most likely happen to the price of corn.
The price of the corn will go up.
The price of the corn will go down.
______________ help people decide what to make, grow, and sell.
Unbrellas
Prices
Sneakers
Buckets
What word means "how much of an item is available for sale?
Supply
Dollars
Demand
Price
What word means "how much of an item people want to buy?"
Supply
Price
Demand
Dollars
If you had a lemonade stand, which would be a fixed cost?
Table
Sugar
Lemons
Napkins
Which word means "the money you take in as a business?"
Price
Supply
Demand
Revenue
When the demand goes down but the supply remains the same the prices go _____.
Up
Down
