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Demand and Supply

Total questions: 10

Worksheet time: 29mins

Name
Class
Date
1.

Use the diagram in the photo, Indicate the quantity supplied for the book at 20Euro.

a)

100

b)

80

c)

40

d)

20

2.

Use the diagram in the photo, Indicate the quantity demanded for the book at 8Euro.

a)

100

b)

80

c)

40

d)

20

3.

Use the diagram in the photo, Indicate the equilibrium price of the book.

a)

100

b)

8

c)

16

d)

20

4.

Which of the following would impact an increasing demand for the book in the New Chapter store?

a)

An increase in tax (VAT).

b)

A reduction in the books price.

c)

A roll-out of broadband to all areas in Wicklow.

d)

A new book store opening in town.

5.

Which of the following would impact a decreased demand for the book in the New Chapter store? You can pick several answers.

a)

An increase in tax (VAT).

b)

A reduction in the books price.

c)

A roll-out of broadband to all areas in Wicklow.

d)

A new book store opening in town.

6.

Please screenshot your answer for this also.

4 lines
7.

State two possible costs for this store that is associated with investing in ICT.

(a)  

8.

The image shows a demand and supply curve for protein bars. What is the equilibrium price?

a)

1Euro

b)

2Euro

c)

3Euro

d)

4Euro

9.

The image shows a demand and supply curve for protein bars. What is the equilibrium quantity?

a)

10

b)

15

c)

20

d)

25

10.



(a)