Let's solve each question on the "Supply and Demand" worksheet step by step, based on the definitions provided and the scenario about Jim and Kate’s farm.
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1. In April, many people wanted to buy eggs for Easter. Was the demand for eggs higher or lower than normal?
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Answer: Higher
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Explanation: Since many people wanted to buy eggs for Easter, more consumers were interested in purchasing them. This increases the
demand. So, the demand was
higher than normal.
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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?
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Answer: Lower
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Explanation: The number of hens producing eggs decreased because six were sick. Fewer hens mean fewer eggs are available for sale. This reduces the
supply, so the supply was
lower than normal.
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3. In August, Jim and Kate bought ten more hens. Did this cause the supply of eggs to go up or down?
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Answer: Up
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Explanation: Adding more hens means more egg-laying birds, which increases the total number of eggs produced. More eggs available for sale means
higher supply.
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4. October was national pancake month. Because of this, many people stopped buying eggs. Did this cause the demand to go up or down?
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Answer: Down
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Explanation: If people stopped buying eggs because they were using them less (e.g., for pancakes), fewer people want to buy eggs. This means
demand decreases.
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5. Do you think Jim and Kate like the demand for eggs to be high or low? Explain.
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Answer: They probably like the demand to be high.
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Explanation: When demand is high, more people want to buy their eggs, which means they can sell more eggs and earn more money. High demand helps their business succeed.
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6. If most of the hens stop laying and eggs become scarce, what will probably happen to the price of eggs? Explain.
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Answer: The price of eggs will probably go up.
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Explanation: When eggs become scarce, the
supply drops. If demand stays the same or increases, but there are fewer eggs available, sellers can charge more because people still want to buy them. This is how scarcity affects prices —
low supply leads to higher prices.
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✔ Summary of Answers:
1. Higher
2. Lower
3. Up
4. Down
5. High — because higher demand means more sales and more income.
6. Prices will go up — because scarcity (low supply) makes eggs more valuable, so people are willing to pay more.
This worksheet teaches basic economics concepts through real-life examples — great for understanding how supply and demand affect prices and business decisions!
Parent Tip: Review the logic above to help your child master the concept of supply and demand worksheet.
