Supply and Demand

Drag and Drop

Supply is how much of a product or service is ​

Placeholder

for people to purchase.

Drag these tiles and drop them in the correct blank above

available

lost

wanted

expected

Dropdown

Demand is how much of a product or service that people are ​

Select answer

.

Drag and Drop

More demand causes a ​

Placeholder

price and less demand causes a ​

Placeholder

price.

Drag these tiles and drop them in the correct blank above

higher

lower

steady

Multiple Choice

How does the law of Supply and Demand affect the price we pay for goods and services?

• It doesn't affect price.

• The change in supply and demand causes a change in price.

• Supply and demand determines the availability of goods and services.

• Supply and demand affects the quality of goods and services.

Multiple Choice

What does low supply do to the prices of goods and services?

• they go up
• they go down

Multiple Choice

What does high supply do to prices of goods and services?

• they go down
• they go up

Multiple Choice

What is the relationship between supply and price?

• Supply and price have an opposite relationship

• Supply doesn't have a relationship with price

• Supply and price are unrelated

• Supply and price are directly proportional

Multiple Select

Which things can effect demand for a product?

Check ALL that apply!

• Popularity

• Time of year

• Social Media

• Weather

Multiple Choice

McDonald's bought too many fries and can't sell them before they expire. What should they do?

• Raise the price so that less people buy fries.

• Lower the price so that people buy extra fries.

Multiple Choice

Farmers in California have had wonderful weather. They have produced the largest crop of watermelons in years. What will happen to the price of watermelons?

• The price will go up.

• The price will go down.

Multiple Choice

A hurricane caused a shortage at the store of water bottles. There is not enough for everyone to buy. The store changed the price. What do you think happened to the price?

• The price went higher.

• The price went lower

Multiple Choice

Cold weather in Florida has damaged this year’s orange crop. Farmers have only half of the usual amount of oranges to sell. What will happen to the price of oranges?

• The price will go up.

• The price will go down.

Open Ended

Answer in a complete sentence using correct capitalization and punctuation!!

What was a time that you or your parents went to the store to buy something and they were out of what you needed?