AG Lesson 10 - Supply & Demand

Question 1

If the SUPPLY goes up, but DEMAND stays the same… what happens to the PRICE?

Accepted Answer

FALL

Question 2

What happens to the DEMAND for corn now that it is used for fuel as well as livestock feed?

Accepted Answer

RISE

Question 3

What happens to the SUPPLY of wheat during a year of drought?

Accepted Answer

FALL

Question 4

If Soybeans can now be used in biodiesel fuel, will the DEMAND rise of fall?

Accepted Answer

RISE

Question 5

If the DEMAND for Soybeans is high and the SUPPLY is low, will the PRICE fall or rise?

Accepted Answer

RISE

Question 6

If egg SUPPLY goes down, but DEMAND stays the same, will egg PRICES rise or fall?

Accepted Answer

RISE

Question 7

If the SUPPLY goes down, but DEMAND stays the same… what happens to the PRICE?

Accepted Answer

RISE

Question 8

What happens to the PRICE of corn now that it is used for fuel as well as livestock feed?

Accepted Answer

RISE

Question 9

If the SUPPLY of milk goes up, but DEMAND stays the same, will milk PRICES rise or fall?

Accepted Answer

FALL

Question 10

Will the DEMAND for milk products rise or fall?

Accepted Answer

RISE

Question 11

What happens to the PRICE of wheat if SUPPLY goes down, and DEMAND stays the same?

Accepted Answer

RISE

Question 12

What happens to the SUPPLY of eggs as a result of the bird flu?

Accepted Answer

FALL

Questions 12