Interpreting Supply & Demand Graphs

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Manhattan, Kansas, has a population of 40,000. Twenty thousand of these students go to Kansas State University during the school year and move back home in the summer. It is July and the population is only 20,000. Which of the following is true:

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1. Hard Red Winter Wheat is grown in Colorado. The drought increased this year and yields were reduced. What can you conclude?

2. The price of taco shells has been increasing in the past year. What can you determine based on this statement?

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About This Quiz & Worksheet

As you complete the quiz/worksheet combo, you'll get an accurate idea of what you know about characteristics of supply and demand graphs. The concept of supply and demand is something you need to know before taking the quiz.

Quiz & Worksheet Goals

Use this assessment to quickly check your understanding of:

  • What you can conclude if the price of carbonated water goes down if it is used as an input
  • Droughts causing yields to reduce
  • What the x-axis of a supply and demand graph shows
  • Assessing demand curves
  • What we can conclude if the price of taco shells has been increasing in the past year

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson on supply and demand graphs
  • Information recall - access the knowledge you have gained about analyzing demand curves
  • Interpreting information - verify that you can read information about what can be concluded if droughts cause yields to reduce and interpret it correctly

Additional Learning

If you want to learn more, use the lesson called Interpreting Supply & Demand Graphs. This lesson covers the following tasks:

  • Determine what axis points are
  • Compare and contrast the y-axis and the x-axis
  • Define input cost
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