Scribd
Upload
6 views2 pages

Demand and Supply Worksheet Activities

The document contains a worksheet with various economic activities, including drawing demand and supply curves for oranges, wheat, and mangoes based on provided schedules. It also includes fill-in-the-blank questions related to changes in demand and supply due to shifts in popularity, price changes, and substitute or complementary goods. The activities aim to reinforce understanding of basic economic concepts related to demand and supply.

Uploaded by

Ronny Coleson
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
6 views2 pages

Demand and Supply Worksheet Activities

The document contains a worksheet with various economic activities, including drawing demand and supply curves for oranges, wheat, and mangoes based on provided schedules. It also includes fill-in-the-blank questions related to changes in demand and supply due to shifts in popularity, price changes, and substitute or complementary goods. The activities aim to reinforce understanding of basic economic concepts related to demand and supply.

Uploaded by

Ronny Coleson
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Activity #2: Worksheet

1) Draw the demand curve given the demand schedule of oranges:

Quantity Price
demanded
0 $6
10 $5
20 $4
30 $3
40 $2
50 $1

2) Draw the supply curve given the supply schedule of bushels of wheat

Quantity supplied Price (per bushel)


10 $2
20 $4
30 $6
40 $8
50 $10
60 $12

3) Draw both the demand and supply for mangoes


Quantity Quantity Price
supplied Demanded
200 0 $200
150 50 $150
100 100 $100
50 150 $50
0 200 $0

1. Let’s say sushi suddenly becomes very popular. The _____(D/QD) for sushi will ________
(increase/decrease).
2. The iPhone 13 will be released next week. Most likely, ______________ (D/Q D) for the
old cellphone model will ______________ (increase/decrease).

3. Assume coffee and tea are substitutes. If the price of coffee decreases, the
______________ (D/QD) for tea will _______________ (increase/decrease)

4. If the price of ice cream increases, ____________(D/Q D) for ice cream will
____________ (increase/decrease).

5. Chips and salsa are complements. If the price of chips doubles, the________ (D/Q D) for
salsa will______________ (increase/decrease)

6. Steel is used to make cars. The price of steel halves. In the market for cars, the
___________(S/Qs) for the market will most likely____________(increase/decrease).

You might also like