Supply and Demand

Supply and Demand

1st - 2nd Grade

12 Qs

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Supply and Demand

Supply and Demand

Assessment

Quiz

Social Studies

1st - 2nd Grade

Practice Problem

Medium

Created by

Denise Doane

Used 40+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Supply is .....

something that people make or grow.

work that people do for other people.

how much of a good or service is available to buy.

how much of a good or service people want to buy.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is demand?

how much of a good or service people want to buy.

things that people make or grow.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When would you say the supply of skateboards is high?

When there are not many skateboards available to buy.

When there are a lot of skateboards available to buy.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When would you say the demand for burritos is low?

When a lot of consumers want to buy burritos.

When not many consumers want to buy burritos.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the supply of a good is low, and the demand is high, what usually happens to the price of the good?

It goes up.

It goes down.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If farmers don't have a lot of corn to sell, and there are a lot of people that want to buy corn. What will most likely happen to the price of corn.

The price of the corn will go up.

The price of the corn will go down.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______________ help people decide what to make, grow, and sell.

Unbrellas

Prices

Sneakers

Buckets

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