Demand and Supply Quiz
Authored by Santosh Bahadur
Social Studies
4th Grade
Used 2+ times
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7 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What happened when the price of the bubble tea increased to AED 14?
Demand increased
Demand decreased
Supply decreased
Customers bought more
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following best shows the relationship between demand and supply?
Higher supply always leads to higher prices
Lower demand usually causes prices to fall
Demand and supply never affect price
Prices stay the same no matter the demand
3.
OPEN ENDED QUESTION
3 mins • 1 pt
State whether the following statements are true or false. Correct only the false statements. When prices are lowered and promotion is added, demand usually drops.
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OFF
4.
OPEN ENDED QUESTION
3 mins • 1 pt
Demand has no effect on how much product the seller supplies.
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OFF
5.
OPEN ENDED QUESTION
3 mins • 1 pt
Why do businesses like BubbleBliss change their prices depending on demand?
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OFF
6.
OPEN ENDED QUESTION
3 mins • 1 pt
Do you think lowering the price was the best decision for BubbleBliss? Justify your answer with two reasons.
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7.
OPEN ENDED QUESTION
10 mins • 1 pt
Write the meanings of the following with examples
A. Demand
B. Supply
C. Budgeting
D. Saving
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OFF
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