III. Complete each sentence with a word from the box

II.Complete the sentences as in the text.

I. Find answers in the text.

I. What is demand? 2. Is the law of demand universal? 3. What is the price elasticity? 4. Has the price an effect on demand? 5. Why does a company need information making plans for production? 6. Why does a company need to predict the level of supply? 7. What does a company need to meet demand? 8. Where can a company get information to know demand? 9. How do we call the total level of demand for all products and services? 10. What happens with demand when incomes rise or fall? 11. What happens with demand when prices rise or fall? 12. What is the real national income?

1. The law of demand is the only thing… 2. If something becomes more expensive, we shall have less… 3. When the government puts higher taxes on petrol, people try not to use… 4. Price has an effect on… 5. A rise or fall in people’s incomes can…

applies, available, confusing, curve, demand, exception, impressive, increase, law, limited, set, shift, taxes.

1. Some of the puzzles in this book are really
………………………...... …………

2. Newton’s.................. of gravity explains why things fall towards

the earth.

3. There is a lot of..................... for organic fruit and vegetables

these days.

4. When you throw a ball, it follows a................... back down to

earth.

5. Gold is expensive because there is only a very......................

supply.

6. When a company stops making a product, it isn’t..................

any more.

7. Normally I arrive at work at 8.00 am, but Thursday is an.......

.........

8. This rule................... to everyone in the school, even teachers.

9. Everyone who earns a salary must pay................ to the

government.

10. There has been a..................... in public opinion about the

environment recently.

11.................................................... There has been a huge in demand for air conditioners

due to the hot weather.

12. Prices have been................... too high and nobody can afford

the goods.

13. I found the work you’ve managed to do very............... Well

done!

IV. Complete each sentence with a word or phrase from the
box:

aggregate, availability, behave, exports, long run, predict, required, short run, trend

1. The price of a flight often depends on the............... of seats.

2. Technology is making it easier and easier to............... changes

in the weather.

3. When talking about the................, we mean the total.

4. Some people................. very differently when they go abroad.

5. The.................. means in the next few weeks or months.

6. The.................. means in the coming years or decades.

7. China’s.................. include all kinds of manufactured goods.

8. A lot of raw materials................ for manufacturing are

imported.

9. Prices are still following a................ to increase.

V. Now read the text again and decide whether these statements
are true or false.

1. The law of demand is easy to understand.

2. The law of demand says that when people want more of something, its price rises.

3. There are no exceptions to the law of demand.

4. Price elasticity shows how much prices change when demand changes.

5. There are many reasons why people decide to buy something, not only price.

VI. Now read the text again and match each paragraph with the
correct heading.

Paragraph 6………………………………….. Paragraph 8………………………………….. Paragraph 7………………………………….. Paragraph 5…………………………………..

A. What aggregate demand includes

B. The relationship between aggregate demand and price

C. Why is aggregate demand important to governments?

D. What causes aggregate demand to shift?

Дата добавления: 2014-12-29