SUMMATIVE TEST 4.

1
Instructions: Indicate the effects of the given statements on the demand and supply of a good based on
the following outcomes. Use the symbol of your choice in your answer sheets. Copy and answer in a
1 whole piece of paper.
A. shift to the right -

B. shift to the left -

C. no change

1. Well – received market innovation of a new cellphone.

A. demand for cell phones ____________________
B. Supply of cell phones ______________________
2. Decrease in the price of rice.
A. Demand for rice ___________________
B. Supply for rice _____________________
3. Improved technology in the manufacture of appliances.
A. Demand for appliances ________________
B. Supply of appliances __________________
4. Government increases worker’s wages.
A. Demand for basic commodities_______________
B. Supply of basic commodities _________________
5. El Niño phenomenon is being experienced today in our country.
A. Demand for water and other root crops __________________
B. Supply of water and other root crops __________________
6. The price of electronic gadgets increased by 500 pesos.
A. Demand for electronic gadgets __________________
B. Supply of electronic gadgets ____________________
7. The price of pandesal increased by 1 peso.
A. Demand for pandesal _____________
B. Supply of pandesal _______________
8. The price of white sugar increased by 10.00 per kilo.
A. Demand for white sugar ________________
B. Supply of white sugar __________________
9. Anticipated increase in general price of gasoline per liter.
A. Demand for gasoline __________________
B. Supply of gasoline ____________________
10. Migration of Filipinos to 1st world countries.
A. Demand for basic commodities _________________
B. Supply of basic commodities ___________________
B. Problem Solving.
1. Using the following demand function , solve for the demand schedule of consumer Robert given the
following prices for bottled water. Use this demand function. ( Qd = 60- 2 ( P ); Construct the demand
curve with complete label.

Prices Qd
0 _____
2 _____
4 _____
6 _______
8 ______
10 ______
12 _____
14 ______
16 ________
2. Use the given data for the demand and supply solve for each demand function and supply function.
Secondly , show the Demand- Supply Curve. Write your interpretation of the curve made.

PRICE (Blue) QUANTITY DEMAND ( yellow) QUANTITY SUPPLY ( green )

1 58 34
2 56 38
3 54 42
4 52 46
5 50 50
6 48 54
7 46 58
8 44 62
9 42 66
10 40 70