wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

The Market Forces of Supply and Demand

Total questions: 10

Worksheet time: 8mins

Name
Class
Date
1.

All of the following will result in a shift in a demand curve except:

a)

A change in the income of buyers

b)

A change in the supply of a good

c)

A change in expected future prices

d)

A change in the price of related goods

e)

A change in buyers' preferences

2.

According to the law of demand, what happens when the price of a robotic sandwich stuffer decreases?

a)

The supply of robotic sandwich stuffers decreases

b)

The demand for robotic sandwich stuffers decreases

c)

The quantity demanded of robotic sandwich stuffers increases

d)

The quantity supplied of robotic sandwich stuffers increases

e)

The demand for the stuffing used by sandwich stuffers decreases

3.

The demand for Good X is given in the graph shown here.

Which of the following could cause the shift of demand shown here?

a)

An increase in the number of buyers of a good

b)

People do not like good X as much as they did before

c)

Buyers of good X expect the price of good X to decrease in the future

d)

An increase in income if good X is an inferior good

e)

An increase in the price of good Y which is a complement to good X

4.

Apabila terjadi kenaikan upah buruh pada perusahaan Garment  maka,

a)

Kurva permintaan terhadap produk  tersebut bergeser ke kiri

b)

Kurva permintaan terhadap produk tersebut bergeser ke kanan

c)

Kurva penawaran produk tersebut akan bergeser ke kiri atas

d)

Kurva penawaran produk tersebut akan bergeser ke kanan bawah

e)

Permintaan dan penawaran produk perusahaan ini tidak terpengaruh

5.

Apa yang dimaksud dengan kondisi surplus

a)

Situasi ketika jumlah permintaan melebihi jumlah penawaran

b)

Situasi ketika jumlah penawaran melebihi jumlah permintaan

c)

Situasi ketika jumlah permintaan sama dengan jumlah penawaran

d)

Situasi ketika jumlah permintaan tidak berubah

e)

Situasi ketika jumlah penawaran tidak berubah

6.

According to the law of supply, what happens when the price of a good increases?

a)

The supply curve flattens out

b)

The supply curve shifts to the right

c)

People are willing to buy what is supplied

d)

The quantity supplied increases

e)

The supply curve shifts to the left

7.

Penny thinks that the price of books will decrease next week.

If everything else is equal, which of the following would reflect how Penny's behavior will change in response to her expectations?

a)

Penny will move to a new, lower quantity along her demand curve

b)

Penny's demand for books today will increase

c)

Penny will demand more complementary goods to books

d)

Penny's demand for books today will decrease

e)

Penny will move to a new, higher quantity on her demand curve

8.

In which of the following scenarios would we definitely know that price will increase but we'd be unable to determine how quantity changes?

a)

D ↑ and S no change

b)

D ↓ and S

c)

D and S

d)

D and S

e)

D ↓ and S

9.

Economists have observed that when average incomes increase, purchases of fast food tends to decline.

Based on this information, what can we definitely say about fast food?

a)

Demand for fast food is upward sloping

b)

Fast food has no substitutes

c)

The price of a complement to fast food has risen

d)

Fast food is an inferior good

e)

Fast food is a normal good

10.

Permintaan atas DVD bergeser ke kanan jika

a)

harga DVD naik

b)

harga DVD turun

c)

harga DVD player menurun

d)

perilaku konsumen berubah sekarang konsumen lebih senang menonton di bioskop

e)

jumlah penduduk menurun