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WorksheetsDemand And Supply
Total questions: 10
Worksheet time: 2mins
Demand means?
Demand means the products in the store
Demand means the people
Demand means the materials you see in a store
Demand means when you sell a lot of items in a low prize
Supply means (a) .
In this scenario guess what is the demand and what is the supply in order. Also State if it is Equal, high Demand low Supply , low Demand high Supply.
Scenario: There are 57 Jerseys in a shop but the 140 want to buy it.
(a)
What does the law of Demand state?
It states that the quantity purchased varies inversely with price.
It states that direct relationship with price and quantity supplied.
It states that the higher the price the lower the quantity demanded.
None of the answers
What does the law of Supply state?
It states that there must be supply in a store.
There is a straight relationship between price and Supplied quantity.
They both are correct.
Both are wrong.
Is this True or False
Price high O Supply high
True
False
Maybe
State True or False
Price high O Demand high
True
False
Maybe
State True or False
Price low X Demand medium
False
True
State True or False
Price low X Demand high
False
True
Write the meaning of Price high X Demand low.
Means when price is high demand is low.
Means when price is low demand is low and also Demand is high.
