Supply and Demand Worksheet
Chapter 2
NAME: __________________________
1. Create a demand graph using the following table of values:
QUANTITY
500
450
400
350
300
250
200
PRICE
10
20
30
40
50
60
70
2. Create a supply graph using the following table of values:
QUANTITY
200
250
300
350
400
450
500
PRICE
10
20
30
40
50
60
70
3. Using the graphs above, what is the quantity demanded if the price is $10?
____________
4. Using the graphs above, what would be the quantity demanded at a price of
$80? _________. Why is the demand at $80 lower than it is at $10?
5. Using the graph paper provided, create a graph by plotting the quantities of
both tables above – on the SAME axis. Make the demand quantity plots one
color and the supply quantity plots another color. When done plotting, connect
the lines and be sure to make the demand and supply lines different colors. Be
sure to label each axis, label each curve, and create a key for the graph.
After you are done with the graph, answer the following question:
A.) At which point do the two lines intersect? What is the price of this
intersection? (This is how we determine what things are worth!)
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