ANSWER S H E E T (S A G U T A N G P A P E L)
School: St. Vincent of Quebiawan Integrated School Grade Level: 11
Teacher: Angelica H. Paras Quarter: First
Learning Area: Applied Economics Month: September Week: 4
Pangalan: _________________________________________ Iskor: ________________
Baitang at Seksyon: _________________________________ Petsa: _______________
ACTIVITY
2 Isulat sa ibaba ang mga dahilan ng pagtaas ng presyo ng manok sa Manila.
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ACTIVITY
3 In this time of pandemic, a lot of people buy alcohol, face masks, and even toilet
paper. Unfortunately, the store only has a few to sell right now.
a. Is the supply high or low?
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b. Is the demand high or low?
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c. Do you think the price will be high or low? Why?
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ACTIVITY
5 Go back to your business idea for your Entrepreneurship class. What is the
demand that you are trying to fulfill? What will be your plans for your supply?
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ACTIVITY
4 MULTIPLE CHOICE. Read each question carefully and write the letter of the
correct answer on the blank provided before the number.
____1. A local grocery store orders 200 cases of Pepsi each week and sells them at a price
of ₱300 per case. At the end of the first week, they have only sold 160 cases. What
economic situation is the grocery store facing and what will have to happen to price in
order for equilibrium to be attained?
A. surplus; price will rise.
B. surplus; price will fall.
C. shortage; price will rise.
D. shortage; price will fall.
E. nothing since the market is in equilibrium
____2. Which of the following can lead to an increase in the supply for good X?
A. a decrease in the number of sellers of good X.
B. an increase in the price of inputs used to make good X.
C. an increase in consumers' income, assuming good X is a normal.
D. an improvement in technology used in production of good X.
E. none of the above
____3. An increase in the price of electricity will:
A. increase the demand for kerosene heaters.
B. increase the demand for light bulbs.
C. increase the demand for stereos.
D. increase the demand for TVs.
____4. Which of the following events will cause an increase in the market demand for San
Miguel Beer (a brand of beer)?
A. A decrease in the price of San Miguel Beer.
B. An increase in the price of Heineken (another brand of beer).
C. An increase in the price of Planters peanuts (a complementary good).
D. An increase in income, if San Miguel Beer is an inferior good.
E. None of the above will cause an increase in demand.
5. Explain the Law of Supply and Demand using your own words.
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