Economics Practice 13: Low Demand and High Supply Exercise

Economics Practice 13: Low Demand and High Supply

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Economics Practice 13: Low Demand and High Supply

Learn how prices and availability are affected when demand is low and supply is high.

Questions

  1. MultiChoice

    What situation exists when a store has hundreds of winter coats left over in summer?

  2. MultiChoice

    What do stores usually do with products that have low demand and high supply?

  3. WordsBox

    High supply and low demand lead to a ____ and lower ____

  4. MultiChoice

    If a farmer grows too many pumpkins and Halloween has passed, what happens to pumpkin demand?

  5. MultiChoice

    What is a market surplus?

  6. MultiChoice

    If a store has a surplus of fidget spinners, what will likely happen to their price?

  7. WordsBox

    Stores mark down prices during a sale to reduce their ____ of unsold ____

  8. MultiChoice

    Why do heavy snow boots go on sale in April?

  9. MultiChoice

    If a publisher prints 10,000 copies of a book but only 100 people buy it, what exists?

  10. WordsBox

    Low demand means few people want to ____ creating extra ____

  11. MultiChoice

    How does high supply affect consumers?

  12. MultiChoice

    Which situation shows low demand and high supply?