
Supply and Demand
Authored by Thomas Atchley
Other
3rd Grade
Used 206+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Price always follows the...
Demand
Supply
Profit
Cost of Operation
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
If everyone WANTS a good/service, what is that?
High Demand
Low Demand
High Supply
Low Supply
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A new game is released, "Extreme Boxing 5". The old game "Extreme Boxing 4" goes on sale. What is the demand for "Extreme Boxing 4"?
Low Demand
High Demand
Low Supply
High Supply
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
During Thanksgiving, most families are trying to buy a turkey. What should happen to the price if everyone wants a turkey?
The supply goes down
The price goes up
The price goes down
The demand goes down
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
These are an example of what?
Profit
Cost of Operation
Scarcity
Demand
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which lemonade is cheaper to make?
Fresh Squeezed Lemonade
Lemonade from frozen concentrate
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If it cost me 2 dollars to make a glass of lemonade, how much would I have to sell it for in order to make a Profit?
$1
$2
$3
$1.50
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