

Supply and Demand Practice Assessment
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1.
FLASHCARD QUESTION
Front
If the supply of smartphones increases while demand stays the same, what typically happens to the price?
Back
The price decreases
2.
FLASHCARD QUESTION
Front
During a drought, what typically happens to the price of vegetables?
Back
Prices increase because supply is limited.
3.
FLASHCARD QUESTION
Front
What would likely happen to movie ticket prices if a new superhero film becomes extremely popular?
Back
Prices would increase due to high demand
4.
FLASHCARD QUESTION
Front
During winter, what typically happens to the price of ice cream?
Back
Prices decrease due to lower demand
5.
FLASHCARD QUESTION
Front
If a new gaming console is released and everyone wants to buy it, what happens to its price?
Back
The price increases due to high demand
6.
FLASHCARD QUESTION
Front
What happens to hotel prices during peak tourist season?
Back
They increase due to higher demand.
7.
FLASHCARD QUESTION
Front
If farmers have an excellent growing season with a large crop yield, what typically happens to produce prices?
Back
Prices decrease due to increased supply
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