WorksheetsDemand and Supply
Total questions: 30
Worksheet time: 36mins
When the price of something increases, the quantity demanded ___?
decreases
reverses
increases
remains the same
Which of the following would cause the demand curve to
shift to the left?
price of a substitution good decreases
huge population increase
new government regulations
consumers begin to like the product
Which of the following would cause the demand curve to
shift to the right?
a popular toys loses appeal
Suppliers expect higher prices in the future
price of a substitute good decreases
the average annual income increases
Which of the following would cause the demand curve to
shift to the left?
price of a complementary good decreases
huge population increase
new government regulations
consumers begin to dislike the product
Which of the following would cause the demand curve to
shift to the right?
a popular toys loses appeal
suppliers expect higher prices in the future
price of a substitute good decreases
huge population increase
An increase in Demand is located by moving from point ________ to point_________
Moving from A to B
Moving from A to C
Moving from C to A
Moving from B to A
An decrease in Demand is located by moving from point ________ to point_________
Moving from A to B
Moving from A to C
Moving from C to A
Moving from B to A
The desire to have some good or service and the ability to pay for it
supply
equilibrium
demand
quantity demanded
Demand means
the amount of a good or service that consumers are willing to buy.
is the amount of a good or service produced.
is the price that is demanded by consumers.
None of the above.
What does the law of demand say
consumers will buy less of something when price goes down.
consumers will buy more of something when price increases.
consumers will buy more of something when prices go down.
None of the above.
If the price of a good or service decreases what will happen to the demand for it?
increase
decrease
stay the same
who knows
When producers offer more of a good as its price increases and less as its price falls, this defines the
law of demand
law of supply
change in demand
change in supply
The willingness and ability of a producer to make a product is referred to as
quantity supplied
quantity demanded
supply
demand
Movement along a supply curve demonstrates
a change in quantity supplied
a change in quantity demanded
a change in supply
a change in demand
Which of these demonstrates an example of a supply curve? (More than one answer)
Which of the following supply curves demonstrates a decrease in the quantity supplied?
A decrease in supply is demonstrated by which of the following?
A hurricane wipes out an orange crop in Florida, sharply affecting the supply of oranges. Which chart demonstrates this concept?
The prices for houses steadily increase, causing more people to want to sell their homes. Which of these demonstrates this concept?
