WorksheetsSupply and Demand
Total questions: 38
Worksheet time: 38mins
The want or willingness a consumer has to purchase a good or a service is called?
The amount of goods or services available for a producer to sell is called?
An individual who purchases (buy) goods.
A drought has made this year's tomato harvest smaller than usual. What will probably happen to the overall supply of tomato sauce?
The supply will probably go up
The supply will probably go down
Weather forecasters predict this summer will be much hotter than usual. What will probably happen to the demand for air conditioners?
The demand will probably go up
The demand will probably go down
What will happen to the price of baby cribs if there is a large increase in the number of babies born?
The price will increase
The price will decarese
What will happen to the price of new cars if a weak economy causes people to have lower incomes?
The price will increase
The price will decrease
What will happen to the price of soccer balls if more and more boys and girls are learning to play soccer?
The price will increase
The price will decrease
The want or willingness a consumer has to purchase a good or a service is called?
The amount of goods or services available for a producer to sell is called?
An individual who purchases (buy) goods.
A drought has made this year's tomato harvest smaller than usual. What will probably happen to the overall supply of tomato sauce?
The supply will probably go up
The supply will probably go down
Weather forecasters predict this summer will be much hotter than usual. What will probably happen to the demand for air conditioners?
The demand will probably go up
The demand will probably go down
What will happen to the price of new cars if a weak economy causes people to have lower incomes?
The price will increase
The price will decrease
What will happen to the price of baby cribs if there is a large increase in the number of babies born?
The price will increase
The price will decarese
What will happen to the price of soccer balls if more and more boys and girls are learning to play soccer?
The price will increase
The price will decrease
What is likely to happen to the price of the sneakers over the next several weeks?
What will happen to the price of T-Shirts if T-Shirt businesses now use machines that produce twice as many shirts in one hour?
The price will increase
The price will decarese
A new video game has just been released before the winter holiday season. This is a video game that many children want. Many parents buy this video game system for their children.
The price throughout December is $249. What is most likely to happen to the price for this video game in January, when the most popular gift buying season is over?
It's December in Michigan and many people need snow boots. There are not many boots available in stores. The supply for boots is ____?____.
Low
High
It's December in Michigan and many people need snow boots. There are not many boots available in stores. The demand for boots is ____?____.
Low
High
Yesterday, a new restaurant opened in town. There was a long line of people waiting to be seated. What was scarce?
People
Food
Seats
What is scarcity?
When there is not enough of something.
what you give up in order to get what you want most.
the amount of a good or service that is available.
How much people want the good or service.
What is Supply?
When there is not enough of something.
what you give up in order to get what you want most.
the amount of a good or service that is available.
How much people want the good or service.
What is Demand?
When there is not enough of something.
what you give up in order to get what you want most.
the amount of a good or service that is available.
How much people want the good or service.
Our school is having a Bake Sale. There are plenty of cookies but the cupcakes are almost gone. What is scarce?
Cookies
Cupcakes
Shoppers
When summer comes it gets much hotter outside. During hot weather, the DEMAND for jackets would be __?__.
High
Low
When you have a lot of an item, the SUPPLY is __?__.
High
Low
When a lot of people want an item, the DEMAND is __?__.
High
Low
