Republic of the Philippines

APAYAO STATE COLLEGE

Luna, Apayao, Philippines 3818

Module 3 Demand and Supply

SSE 104

MICROECONOMICS

Activities

Name:____________________________________________
Program & Section: __________________________________
Instructor: CESAR F. DE GUZMAN, JR.

Activity 3-1
MICROECONOMICS 2|Page
Given the hypothetical market demand for face-mask at various prices in the
country for one week, graph the demand curve using the data below:
 Republic of the Philippines
APAYAO STATE COLLEGE
Luna, Apayao, Philippines 3818

Face-mask Price (P) Quantity Demanded

(box per week)
A 300 150
B 250 200
C 200 250
D 180 300
E 150 350

MICROECONOMICS 3|Page
 Republic of the Philippines
APAYAO STATE COLLEGE
Luna, Apayao, Philippines 3818

Activity 3-2
Match the items in Column A with Column B by writing the letter on the
answer sheet provided below:

A B
1. Market a. Downward pressure to price

2. Equilibrium b. The absence of it is the end of all economic

activities

3. Increase in demand c. Upward pressure to price

4. Decrease in supply d. Good for sellers

5. A fall in demand e. The place where buyer and sellers meet

6. Shortage f. When demand curve shifts to the right

7. Surplus g. A state of balance

8. Price ceiling h. When supply curve shifts to the left

9. Floor price i. When demand curve shifts to the left

10. Consumption j. Good for buyers

1 2 3 4 5 6 7 8 9 10

MICROECONOMICS 4|Page
 Republic of the Philippines
APAYAO STATE COLLEGE
Luna, Apayao, Philippines 3818

Activity 3-3
Given the hypothetical market supply for alcohol at various prices in the country for
one week, graph the supply curve using the data below:

Alcohol Price (P) Quantity Demanded

(500 ml per week)
A 250 350
B 200 325
C 150 300
D 110 280
E 90 250

MICROECONOMICS 5|Page
 Republic of the Philippines
APAYAO STATE COLLEGE
Luna, Apayao, Philippines 3818

Activity 3-4
Here is a list of non-price determinants of demand and supply.

Expectations Resource prices Taxes and subsidies

Average income Number of sellers Tastes
Number of buyers Prices of related goods Technology Classify
Prices of other goods
them
under
the appropriate column in the table below:

Non-price determinants of DEMAND Non-price determinants of SUPPLY

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 Republic of the Philippines
APAYAO STATE COLLEGE
Luna, Apayao, Philippines 3818

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