Free Printable Supply and Demand Review

Worksheets

Supply and Demand Review

Total questions: 20

Worksheet time: 11mins

Name

Class

Date

For the law of demand, as price rises, what happens to quantity demanded?

it goes up

it goes down

it stays the same

it is not effected

This part of the market determines SUPPLY

buyers

sellers

consumers

A change in the price of substitute goods.

Shift in Supply

Shift in Demand

A change in producer expectations.

Shift in Supply

Shift in Demand

For the law of supply, as price rises, what happens to quantity supplied?

it goes up

it goes down

it stays the same

it is not effected

A change in the price of complimentary goods.

Shift in Supply

Shift in Demand

An improvement in manufacturing technology.

Shift in Supply

Shift in Demand

What does this curve represent?

demand

supply

equilibrium

shortage

A change in the number of producers.

Shift in Supply

Shift in Demand

10.

A change in consumer expectations.

Shift in Supply

Shift in Demand

11.

This part of the market determines DEMAND

buyers

sellers

suppliers

store owners

12.

A change in consumer income.

Shift in Supply

Shift in Demand

13.

A change in the cost of inputs.

Shift in Supply

Shift in Demand

14.

What does this curve represent?

supply

equilibrium

demand

surplus

15.

A change in the number of consumers.

Shift in Supply

Shift in Demand

16.

A change in consumer tastes and preferences.

Shift in Supply

Shift in Demand

17.

A major natural disaster occurs.

Shift in Supply

Shift in Demand

18.

The diagram represents a(n)

increase in supply

decrease in supply

change in quantity supplied

none of the above

19.

The diagram represents a

increase in demand

decrease in demand

change in quantity demand

none of the above

20.

A change in government subsidies (government payments to businesses).

Shift in Supply

Shift in Demand

100 %

Supply and Demand Review

Total questions: 20

Worksheet time: 11mins

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