Supply And Demand Worksheet With Answer Key printable pdf download

Supply And Demand Worksheet With Answer Key

Name: ___________________________________

Supply and Demand

Supply is the amount of goods available at a given time. If there is

a lot of something available for sale, the supply is high. If there

isn't enough of something available for sale, there is a scarcity.

Demand is how many people want the goods that are available.

If many people want the goods available, there is high demand.

If there aren't many people who want the goods available,

there is a low demand.

Jim and Kate own a farm. They have twenty hens that

produce eggs. Jim and Kate sell the eggs to supermarkets

across the state.

1. In April, many people wanted to buy eggs for Easter.

Was the demand for eggs higher or lower than normal?

1. ______________________

2. In June, six of Jim and Kate's hens were sick and could

not lay eggs. Was the supply of eggs higher or lower than

normal?

2. ______________________

3. In August, Jim and Kate bought ten more hens. Did this

cause the supply of eggs to go up or down?

3. ______________________

4. October was national pancake month. Because of this,

many people stopped buying eggs. Did this cause the

demand to go up or down?

4. ______________________

5. Do you think Jim and Kate like the demand for eggs to be high or low? Explain.

_____________________________________________________________________________________

6. If most of the hens stop laying and eggs become scarce, what will probably

happen to the price of eggs? Explain.

_____________________________________________________________________________________

Super Teacher Worksheets -

Supply And Demand Worksheet With Answer Key