Ch. 3 - Supply and DemandWorksheetSee all chapters
All Chapters
Ch. 1 - Introduction to Microeconomics
Ch. 2 - Introductory Economic Models
Ch. 3 - Supply and Demand
Ch. 4 - Elasticity
Ch. 5 - Consumer and Producer Surplus; Price Ceilings and Floors
Ch. 6 - Introduction to Taxes and Subsidies
Ch. 7 - Externalities
Ch. 8 - The Types of Goods
Ch. 9 - International Trade
Ch. 10 - The Costs of Production
Ch. 11 - Perfect Competition
Ch. 12 - Monopoly
Ch. 13 - Monopolistic Competition
Ch. 14 - Oligopoly
Ch. 15 - Markets for the Factors of Production
Ch. 16 - Income Inequality and Poverty
Ch. 17 - Asymmetric Information, Voting, and Public Choice
Ch. 18 - Consumer Choice and Behavioral Economics
What happens to our equilibrium when we start shifting curves?

Practice: If the economy booms and incomes rise, what happens in the markets for inferior goods?

Practice: A change in which of the following will NOT shift the demand curve for ice cream?

Practice: A decrease in _________ will cause a movement along a given supply curve, which is called a change in __________.

Practice: Gum and mints are substitutes. If the price of gum increases, what happens in the market for mints?

Practice: Which of the following situations would lead to an increase in the equilibrium price of carrots and a decrease in the equilibrium quantity of carrots sold?

Practice: The discovery of a new fertilizer will shift the ___________ curve for carrots, leading to a ___________ equilibrium price.