Social Studies 9 Chapter 6 Supply And Demand

Question 1

What would happen to the price of diamonds if diamonds could be produced in any chemistry lab?

Accepted Answer

The price of diamonds would decrease

Question 2

What would happen to the demand for in-line skates if a newroller park opens in your area?

Accepted Answer

The demand would increase, I wanna rollerskate!

Question 3

The law of supply says:

Accepted Answer

Asthe price of goods increase, producers may offer more.

Question 4

What would happen to the demand for bicycles priced at $500if the price is doubled?

Accepted Answer

The demand would go down

Question 5

What would happen to the demand for video games if the priceis reduced by 50%?

Accepted Answer

The demand would go up

Question 6

What would happen to the price of gasoline if a syntheticsource is discovered?

Accepted Answer

The price of gas would decrease

Question 7

What would happen to the price of PC's (currently $2000) if companies introduce cheaper models?

Accepted Answer

The price of PC's will go down because of competition.

Question 8

What would happen to the price of hamburgers if too manybeef cattle are slaughtered?

Accepted Answer

The price of a hamburger would decrease.

Question 9

What would happen to the price of pizza if tomatoes becamescarce due to bug blight?

Accepted Answer

The price of pizza would increase

Question 10

What would happen to the supply of spinach if it is proven thatspinach reduces acne?

Accepted Answer

The supply would increase

Question 11

What would happen to the price of strawberries if a winterfreeze damages the crop?

Accepted Answer

The price of strawberries would go up

Question 12

What would happen to the demand for spearmint gum ifresearch said each gum stick increasesI.Q.?

Accepted Answer

The demand would increase

Question 13

What would happen to the price of name brand sneakers ifthey lost their celebrity endorsement?

Accepted Answer

The price would go down

Question 14

What would happen to the supply of toothpaste if toothpasteworkers go on strike?

Accepted Answer

The supply of toothpaste would decrease

Question 15

What would happen to the supply of strawberries if a winterfreeze damages the crop?

Accepted Answer

The supply of strawberries would go down

Question 16

What would happen to the supply ofpaper if a huge brush fire destroys the western forests?

Accepted Answer

The supply of paper would drastically decrease.

Question 17

The law of demand says:

Accepted Answer

Asthe price of services decrease, buyers may purchase more.

Questions 17