Demand Worksheet - AP Economics
Answer the following questions regarding the concept of economic demand in the space
provided:
1.
2.
3.
4.
5.
If more of a product is purchased because of a change in the price of a
product, a change in _________________ has occurred.
If more or less of a product is purchased because of a non-price factor, a
change in _____________ has occurred.
Other things constant, which of the following would cause a change in the
quantity demanded for Woozles:
a. A change in people’s desire for Woozles.
b. A change in the price of Fizzies, a substitute product for Woozles.
c. An increase in the price of Woozles.
d. A change in the price of Greebes, a product used in conjunction with
Woozles.
Other things constant, a change in the demand for Widgets would be
caused by
a. A decrease in people’s incomes.
b. The rising popularity of Widgets in America as a breakfast cereal sugar
substitute.
c. An increase in the price of Twittles, a complementary product to Widgets.
d. All of the above.
As the price of a Honda Prius (50 mpg) has increased, consumers have
found the cheaper Ford Fabulous (35 mpg) to be a better bargain. Which
of the following statements best describes this situation?
a. A shift in the demand curves for both automobiles.
b. A movement along the demand curves for both automobiles.
c. A movement along the demand curve for the Prius, and a shift in the
demand curve for the Fabulous.
d. A shift in the demand curve for the Prius and movement along the demand
curve for the Fabulous.
Gourmet Spam Demand Worksheet/AP Economics
A.
Read the seven newspaper headlines below and determine if that event causes a
change in the demand for Gourmet Spam in March.
Demand Shift?
(Yes/No)
If Demand Shifts,
(Increase/Decrease)
Curve Shifts
(Left or Right)
1. The price of Spam to
increase in April.
2. The incomes of
Americans declines.
3. Gourmet Spam becomes a
favorite food item for
Oprah.
4. America’s population
grows by 3%.
5. The price of buns
increases.
6. The Surgeon General
reports that eating Spam
reduces triglycerides
7. The price of canned
Gourmet Chopped Beef
decreases.
B.
Categorize each change in demand in question 6 above according to the reason why
demand changed?
Headline Number
Reason
1
2
3
4
5
6
7
A change in future expectations.
A change in Tastes & Preferences.
A change in the price of a related
good
A change in the number of
consumers in a market
A change in the price of a
substitute good.
A change in income.