Demand Worksheet
Demand Worksheet
Demand Worksheet
1. The law of demand states- when the price increases, the quantity demanded will ___________.
When the price decreases, the quantity demanded will _______________.
2. If a change in price has an effect on the change in quantity, this is known as (elastic / inelastic)
demand. Give a specific example of this type of demand.
3. If the federal government says that fish is healthy for you, the demand for fish will
(increase / decrease). Which determinant of demand causes this change? _____________________
Which way will the demand curve shift? (left / right) Draw the new demand curve- Label it D1.
P
D
Q
4. Economists announce that the unemployment rate will increase over the next six months.
The demand for new homes will (increase / decrease). Which determinant causes this change?
_____________________. Which way will the demand curve shift? (left / right) Draw the new
demand curve- Label it D2
D
Q
5. The price of syrup increases, the demand for pancakes will (increase / decrease).
Which determinant causes this change? _________________________.
Which way will the demand curve shift? (left / right) Draw the new demand curve- Label it D3.
D
Q
6. The price of airline tickets goes up, the demand for train tickets will (increase / decrease).
Which determinant causes this change? ___________________________ Which way will the
demand curve shift? (left / right) Draw the new demand curve-Label it D4.
P
D
Q
9. Plot the points for the demand curve and label the line D1.
Demand Schedule #1
Price Quantity P
$9.00 1
$6.00 3
$5.00 4
$2.00 6
$1.00 7
Demand Schedule #2
Price Quantity
$9.00 3
$8.00 4 Use the graph above, plot the points for the new demand curve and
$5.00 6 label it D2
$4.00 7
$1.00 9
Population decreases