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Supply, Demand, and Interdependence in Economics

Authored by Fernando Milmo

History

6th Grade

Used 14+ times

Supply, Demand, and Interdependence in Economics
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23 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What will happen to the price of corn if almost no rain falls on corn crops?

The price will increase

The price will decrease

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What will happen to the price of teddy bears if puppy dogs become the most popular stuffed toy?

The price will increase

The price will decrease

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What will happen to the price of soccer balls if more and more boys and girls are learning to play soccer?

The price will increase

The price will decrease

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What will happen to the price of shoes if shoe producers have to pay higher wages to their workers?

The price will increase

The price will decrease

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What will happen to the price of T-Shirts if T-Shirt businesses now use machines that produce twice as many shirts in one hour?

The price will increase

The price will decarese

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What will happen to the price of new cars if a weak economy causes people to have lower incomes?

The price will increase

The price will decrease

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What will happen to the price of gasoline if the price of crude oil (one of the main ingredients in gasoline) falls?

The price will increase

The price will decrease

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