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supply and demand

Authored by michelle schroeck

Social Studies

5th - 7th Grade

CCSS covered

Used 2+ times

supply and demand
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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This part of the market determines SUPPLY

buyers
sellers
consumers
us

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This part of the market determines DEMAND

buyers
sellers
suppliers
store owners

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

Amazon Prime is selling Smencils.  There are only a few packs left and they are very popular.  What will happen to the price?

The price will go up.
The price will go down.

Tags

CCSS.HSF-LE.A.1B

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The amount of goods or services available is called?

supply
demand
producer
consumer

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is neither a good nor a service?

A gallon of gasoline
A piano lesson
A meal at a restaurant
A $20 bill

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Lucas fixes his friend's sink.  He is providing a _____________.

trade
opportunity cost
product
service

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Physical items that you can touch and see are called:

Goods
Needs
Services
Wants

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