WorksheetsDeterminants of Price Practice
Total questions: 10
Worksheet time: 10mins
Jack in the Box finally opens in Michigan, offering the delicious Sourdough Jack Burger.
How will this affect the price of fast food?
This will increase demand, thereby increasing price
This will decrease demand, thereby decreasing price
This will increase supply, thereby decreasing price
This will decrease supply, thereby increasing price
This will increase supply, thereby increasing price
Due to a surplus, the price of beef has dropped tremendously.
How will this affect the price of chicken?
This will increase demand, thereby increasing price
This will decrease demand, thereby decreasing price
This will increase supply, thereby decreasing price
This will decrease supply, thereby increasing price
This will increase demand, thereby decreasing price
The organic food movement refuses to use modern fertilizers and pesticides in farming.
How will this affect the price of fruits and vegetables?
This will increase demand, thereby increasing price
This will decrease demand, thereby decreasing price
This will increase supply, thereby decreasing price
This will decrease supply, thereby increasing price
This will decrease supply, thereby decreasing price
There has been an outbreak of E. Coli bacteria in lettuce.
How will this affect the price of lettuce?
This will increase demand, thereby increasing price
This will decrease demand, thereby decreasing price
This will increase supply, thereby decreasing price
This will decrease supply, thereby increasing price
This will decrease demand, thereby increasing price
The Department of Transportation requires that cars have a fuel efficiency of 54.5 miles per gallon by 2025.
How will this affect the price of cars?
This will increase demand, thereby increasing price
This will decrease demand, thereby decreasing price
This will increase supply, thereby decreasing price
This will decrease supply, thereby increasing price
This will decrease supply, thereby decreasing price
The United States loosens its restrictions on immigration.
How will this affect the price of most goods and services?
This will increase demand, thereby increasing price
This will decrease demand, thereby decreasing price
This will increase supply, thereby decreasing price
This will decrease supply, thereby increasing price
This will increase demand, thereby decreasing price
Fracking allows companies to extract oil or natural gas from the tiniest cracks between rocks.
How will this affect the price of gasoline and natural gas?
This will increase demand, thereby increasing price
This will decrease demand, thereby decreasing price
This will increase supply, thereby decreasing price
This will decrease supply, thereby increasing price
This will increase supply, thereby increasing price
Art Van Furniture and Pier 1 both recently filed for bankruptcy.
How will this affect the price of furniture and stupid knick knacks to put on your coffee table?
This will increase demand, thereby increasing price
This will decrease demand, thereby decreasing price
This will increase supply, thereby decreasing price
This will decrease supply, thereby increasing price
This will decrease supply, thereby decreasing price
The price of peanut butter is soaring during a shortage.
How will this affect the price of jelly?
This will increase demand, thereby increasing price
This will decrease demand, thereby decreasing price
This will increase supply, thereby decreasing price
This will decrease supply, thereby increasing price
This will decrease demand, thereby increasing price
The minimum wage in Michigan is set to increase by at least 20 cents every year for the next ten years.
How will this affect the price of most goods and services?
This will increase demand, thereby increasing price
This will decrease demand, thereby decreasing price
This will increase supply, thereby decreasing price
This will decrease supply, thereby increasing price
This will increase demand, thereby decreasing price
