Understanding Supply and Demand

Understanding Supply and Demand

Assessment

Flashcard

Social Studies

3rd Grade

Hard

Created by

Wayground Content

FREE Resource

Student preview

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10 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What did Justin decide to buy on a hot day at the park?

Back

Ice cream

2.

FLASHCARD QUESTION

Front

Why did the price of the ice cream flavor Justin wanted increase? Options: It was a very hot day, It was the last scoop, The vendor was closing soon, Many people wanted it

Back

Many people wanted it

3.

FLASHCARD QUESTION

Front

What did Justin use to explain supply and demand? Options: A video game with new characters, A science experiment using baking soda and vinegar, A personal story about ice cream, A history book

Back

A personal story about ice cream

4.

FLASHCARD QUESTION

Front

Supply in economics

Back

How many items are available

5.

FLASHCARD QUESTION

Front

What happens to prices when demand is high but supply is low?

Back

Prices increase

6.

FLASHCARD QUESTION

Front

What might cause the price of school supplies to increase? Options: During winter, After school ends, Right before school starts, During school vacations

Back

Right before school starts

7.

FLASHCARD QUESTION

Front

When is a good time to buy a coat according to supply and demand principles?

Back

In summer

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