Supply and Demand and C. Shift
PRACTICE DEMAND QUESTIONS
Directions: After you have studied the Supply and Demand notes and you feel comfortable with the concepts complete the following questions and submit them the assignment to the appropriate Dropbox. Make sure to label everything that needs labeling including your name and the title of the assignment.
Directions: Please answer in the Following manner:
A. What Happens to Demand or Supply or Quantity Demand or Quantity Supply
Demand Increase or Decrease Quantity Demand Increase or Decrease
Supply Increase or Decrease Quantity Supply Increase or Decrease
B. Reason
Use Reasons from notes ex: Change in Number of Consumers
C. What happens to Graph
Demand or Supply Increase – Shift Right
Demand or Supply Decrease – Shift Left
Quantity Demand or Quantity Supply Increase – Move along the Curve Right
Quantity Demand or Supply Decrease – Move along the Curve Left
D. Draw Graph – Make sure to label everything
You will have to use Paint, save as a jpeg and insert into your Word Document Answer sheet
EXAMPLE ON HOW TO ANSWER:
EX: What would happen to your Demand for Luxury Items if you Lost your job?
A. Demand Decrease
B. Income
C. Shift Left
D.
**MAKE SURE TO LABEL EVERYTHING NEEDED. IF THE GRAPH IS NOT LABELED IT WILL NOT BE COUNTED, JUST LIKE ON THE AP EXAM.**
1. What would happen to Demand for Gas at Shell if Exxon raised prices drastically?
A. Demand increase
B. Substitute
C. Shift right
D.
What happens to Demand for Gatorade if prices increase?
A. Quantity demanded Decrease
B. Change in price
C. Move along curve
D.
2. What happens to the Supply of Orange Juice if thousands of Orange Trees are killed in the four Hurricanes to hit Florida during the year?
A. Supply decrease
B. Change of production cost
C. Shift left
D.
3. What will happen to the Supply of Potato Chips if prices dropped?
A. Quantity supply decrease
B. Change in price of good
C. Shift Left
D.
Directions: After you have studied the Supply and Demand notes and you feel comfortable with the concepts complete the following questions and submit them the assignment to the appropriate Dropbox. Make sure to label everything that needs labeling including your name and the title of the assignment.
Directions: Please answer in the Following manner:
A. What Happens to Demand or Supply or Quantity Demand or Quantity Supply
Demand Increase or Decrease Quantity Demand Increase or Decrease
Supply Increase or Decrease Quantity Supply Increase or Decrease
B. Reason
Use Reasons from notes ex: Change in Number of Consumers
C. What happens to Graph
Demand or Supply Increase – Shift Right
Demand or Supply Decrease – Shift Left
Quantity Demand or Quantity Supply Increase – Move along the Curve Right
Quantity Demand or Supply Decrease – Move along the Curve Left
D. Draw Graph – Make sure to label everything
You will have to use Paint, save as a jpeg and insert into your Word Document Answer sheet
EXAMPLE ON HOW TO ANSWER:
EX: What would happen to your Demand for Luxury Items if you Lost your job?
A. Demand Decrease
B. Income
C. Shift Left
D.
**MAKE SURE TO LABEL EVERYTHING NEEDED. IF THE GRAPH IS NOT LABELED IT WILL NOT BE COUNTED, JUST LIKE ON THE AP EXAM.**
1. What would happen to Demand for Gas at Shell if Exxon raised prices drastically?
A. Demand increase
B. Substitute
C. Shift right
D.
What happens to Demand for Gatorade if prices increase?
A. Quantity demanded Decrease
B. Change in price
C. Move along curve
D.
2. What happens to the Supply of Orange Juice if thousands of Orange Trees are killed in the four Hurricanes to hit Florida during the year?
A. Supply decrease
B. Change of production cost
C. Shift left
D.
3. What will happen to the Supply of Potato Chips if prices dropped?
A. Quantity supply decrease
B. Change in price of good
C. Shift Left
D.