Let’s go step by step through each question using the supply and demand rules from the top of the page.
---
Question 1:
> In April, many people wanted to buy eggs for Easter. Was the demand for eggs higher or lower than normal?
- The text says: “Demand is how many people want the goods that are available.”
- If *many* people want something →
high demand
- Easter is a special time when lots of people buy eggs (for decorating, eating, etc.)
→ So, demand was
higher than normal.
✔ Answer:
Higher
---
Question 2:
> In June, six of Jim and Kate’s hens were sick and could not lay eggs. Was the supply of eggs higher or lower than normal?
- Supply = amount of goods available at a given time.
- Fewer hens laying eggs → fewer eggs available →
lower supply
→ Even if they still have some eggs, it’s less than usual because 6 hens aren’t producing.
✔ Answer:
Lower
---
Question 3:
> In August, Jim and Kate bought ten more hens. Did this cause the supply of eggs to go up or down?
- More hens → more eggs being laid → more eggs available
→ That means
supply goes up
✔ Answer:
Up
---
Question 4:
> October was national pancake month. Because of this, many people stopped buying eggs. Did this cause the demand to go up or down?
- Demand = how many people want the good
- If many people stop buying eggs → fewer people want them →
demand goes down
✔ Answer:
Down
---
Question 5:
> Do you think Jim and Kate like the demand for eggs to be high or low? Why? Explain.
- They sell eggs to supermarkets — so they make money when people buy eggs.
- High demand = more people want to buy = they can sell more eggs = more money
- Low demand = fewer buyers = harder to sell = less money
So, they would prefer
high demand.
✔ Answer:
They like high demand because more people buying eggs means they can sell more and earn more money.
---
Question 6:
> If most of the hens stop laying and eggs become scarce, what will probably happen to the price of eggs? Explain.
- Scarcity = not enough supply for the demand
- From the top box: “If there isn’t enough of something available for sale, the supply is low. There is a scarcity.”
- When supply is low but people still want eggs (demand stays same or high), sellers can charge more
→ Prices usually
go up when things are scarce
✔ Answer:
The price of eggs will probably go up because when eggs are scarce (low supply) but people still want them, sellers raise prices.
---
Final Answer:
1. Higher
2. Lower
3. Up
4. Down
5. They like high demand because more people buying eggs means they can sell more and earn more money.
6. The price of eggs will probably go up because when eggs are scarce (low supply) but people still want them, sellers raise prices.
Parent Tip: Review the logic above to help your child master the concept of economics supply and demand worksheet.