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Supply & Demand

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

When the newest version of the iPhone came out, the older version went on sale.

What is the supply of the older iPhone?

a)

Low

b)

High

2.

When the newest version of the iPhone came out, the older version went on sale.

What is the demand for the older iPhone?

a)

Low

b)

High

3.

During the Thanksgiving season, the price of turkey increases because everyone wants one for their Thanksgiving dinner. What is the supply of turkey?

a)

Low

b)

High

4.

During the Thanksgiving season, the price of turkey increases because everyone wants one for their Thanksgiving dinner. What is the demand for turkeys?

a)

Low

b)

High

5.

It's the day before Valentine's day. A store is running low on Valentine's cards. They raise the price of the cards.

The demand is:

a)

Low

b)

High

6.

It's the day before Valentine's day. A store is running low on Valentine's cards. They raise the price of the cards.

The supply is:

a)

Low

b)

High

7.

A shoe store is having a sale on all of last year's shoes. The demand for last year's shoes is:

a)

Low

b)

High

8.

A shoe store is having a sale on all of last year's shoes. The supply of last year's shoes is:

a)

Low

b)

High

9.

The newest version of the Animal Crossing video game has just been released. The demand will be:

a)

Low

b)

High

10.

The newest version of the Animal Crossing video game has just been released. The supply will be:

a)

Low

b)

High

11.

During the holiday season the most popular toy is very hard to find in stores. Stores may _________ the price because of this.

a)

Lower

b)

Raise

12.

The newest book in a popular series has just been released. The demand will be:

a)

Low

b)

High

13.

The grocery store accidentally ordered too many boxes of popsicles. They may ________ the price to try to get rid of some popsicles.

a)

Lower

b)

Raise

14.

In the month of December the demand for sunscreen will be ____________.

a)

Low

b)

High

15.

What item will NOT have a high demand in Summer?

a)
b)
c)
d)