Supply and Demand Quiz

Supply is

• Something that people make or grow

• Work that people do for other people

• How much a good or service is available

• How much of a good or service people want to buy

What is demand?

• Things that people make or grow

• Work that people do for others people

• How Much of a good or service is available

• How much of a good or service people want to buy

When would you say the supply of skateboards is high?

• When there are not many skateboards available to buy

• When there are a lot of skateboards available to buy

• When a lot of consumers want to buy

• When not many consumers want to buy skateboards

When would you say the demand for burritos is low?

• When there are not many burritos available to buy

• When there are a lot of burritos available to buy

• When a lot of consumers want to buy burritos

• When not many consumers want to buy burritos

When the supply of a good is low, and the demand is high, what usually happens to the price of the good?

• It goes up

• It goes down

• It doesn’t change