WorksheetsSUPPLY & DEMAND #2
Total questions: 14
Worksheet time: 14mins
Cold weather in Florida has damaged this year’s orange crop. Farmers have only half of the usual amount of oranges to sell. What will happen to the supply of oranges?
The supply will go up.
The supply will go down.
The week before Halloween, pumpkin patches all around the country sell lots of pumpkins. What will happen to the demand for pumpkins on the day after Halloween?
The demand will go up.
The demand will go down.
What happens to the price of something when the demand for it goes down?
The price will go down
The price will go up
The price will stay the same
They will be free
If the demand for an item is HIGH and supply is LOW, what will happen to the price?
The price will go down
The price will go up
The price will stay the same.
My new Nikes were introduced in May for $129.99, but by December they are being sold for $69.99. According to the law of supply and demand, which is most likely to be true about the Nikes.
Supply for the Nikes was high but the demand was low.
Supply for the Nikes was low but demand was high.
What will probably happen to the demand of thick, stocking hats as summer approaches?
The demand will go up
The demand will go down
The demand will stay the same
What will probably happen to the price of thick, stocking hats as summer approaches?
The price will go up
The price will go down
The price will stay the same
A hot dog vendor also sells bottles of water. It’s a very hot summer day, and he only has 3 bottles of water left. What will happen to the demand for water?
Demand will go up
Demand will go down
Demand will stay the same
A hot dog vendor also sells bottles of water. It’s a very hot summer day, and he only has 3 bottles of water left. What will he likely do to the price of those last 3 bottles of water?
Price will go up
Price will go down
Price will stay the same
A newer, better version of a smartphone comes out. What will probably happen to the price of the older version?
Price will go up
Price will go down
Price will stay the same
What happens to the price of something when the supply goes down and the demand is still high?
The price will go up
The price will go down
The price will stay the same
