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Supply and Demand

Total questions: 10

Worksheet time: 10mins

Name
Class
Date
1.

(Choose Two)

You want to buy a toy at the store, this is an example of _________________.

a)

supply

b)

demand

c)

goods

d)

services

2.

Supply is something that someone _________________.

a)

wants

b)

has

c)

needs

d)

likes

3.

When many people want a good or service the demand is _____________.

a)

high

b)

low

c)

normal

d)

zero

4.

A consumer is someone who ______________.

a)

buys something

b)

sells something

c)

trades something

d)

steals something

5.

A demand is something you __________.

a)

need

b)

want

c)

like

d)

sell

6.

Demand is ___________ when few people want a good or service.

a)

zero

b)

high

c)

low

d)

middle

7.

What is something that is a good that is in LOW demand in the summer?

a)

Ice Skates

b)

Surfboard

c)

Sunscreen

d)

Sandals

8.

What is a service that would be in LOW demand in the summer?

a)

Lifeguard

b)

Gardener

c)

Street Sweeper

d)

Snow Plower

9.

What is a good that is in HIGH demand in the summer?

a)

snow boots

b)

coat

c)

sunscreen

d)

gloves

10.

What service would be HIGH in the summer?

a)

policeman

b)

Ice cream truck

c)

snow removal

d)

mechanic