Supply and Demand
Authored by Jacob Kabat
Social Studies
7th - 12th Grade
Used 8+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of demand?
Wanting an Xbox
Having money saved to buy a car
Having the desire and money to buy a snowboard (after my next paycheck)
Wanting to get a new phone
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is quantity demanded different from demand?
Demand is wanting something, Quantity Demanded is how much you want.
They are the same thing.
Quantity demanded only applies in some situations.
Quantity demanded is how much demand there is at a specific price.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is supply?
The desire and ability to produce and distribute a good at a specific time.
How much there is of a particular good.
Being able to make something.
The desire and ability to purchase goods at a specific time.
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What impact would a drought have on the market for corn?
Supply would increase
Supply would decrease
Demand would increase
Demand would decrease
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What impact would an increase in students working from home have on the market for chromebooks?
Supply would increase
Supply would decrease
Demand would increase
Demand would decrease
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What would be the impact of a new grocery store opening up in town?
Supply would increase
Supply would decrease
Demand would increase
Demand would decrease
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is it called when the supply of a good is high and the demand for that good is low?
Shortage
Surplus
Equilibrium
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