Fillable Demand Versus Supply Worksheet (Mr. Breitsprecher's Business Ed Home Page)

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Demand Versus Supply Worksheet (Mr. Breitsprecher's Business Ed Home Page)

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©Mr. Breitsprecher & BreitLinks (www.breitlinks.com) All Rights Reserved. Demand & Supply
Marketing:
Demand & Supply Name: __________________________
1. What does a demand curve show?
2. What is an example of increasing demand explained in this video? Please explain how this
example works.
3. According to this video, what is one of the most important products in the world? How does
its price impact demand?
4. When looking at a commodity like oil, this video explains 2 different types of uses. Please
identify each of the 2, give an example of each, and explain why each type of use exists.
©Mr. Breitsprecher & BreitLinks (www.breitlinks.com) All Rights Reserved. Demand & Supply
5. What is a supply curve?
6. Using oil as an example, what happens to supply when prices are low? What happens to
supply when prices are high?
7. How does the supply of oil go up when the price of oil goes up? Why is more oil produced at
higher prices? Please be sure to explain your answer.
8. When prices of oil are low, what is the only type of supplier that can afford to produce and
sell oil? Please be sure to explain why this is.
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Completed 15 December 2020

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