Supply & Demand - Markets Worksheet B

Note: This is similar to 'Supply & Demand - Markets Worksheet'. This allows further practice for students using different examples.

This worksheet allows students to practice their knowledge of:-

- Supply & Demand
- Market Equilibrium
- Non-price determinants of Supply and Demand and how these influence equilibrium price and quantity

Students are presented with a particular market (e.g. local bus travel) and then 5 events are given which will shift either Supply or Demand (or both). Students must identify the shift in Supply or Demand and then show how this influences equilibrium price and quantity. They should also identify the non-price determinant (Price of Substitute Goods, Tastes etc).

Four market are given, each with 5 events, and an answer scheme. The worksheet allows for differentiation by getting students to then write their own questions - choose a market and then 5 events influencing supply and demand.