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Supply & Demand
Quiz
•
Social Studies
•
1st - 3rd Grade
•
Practice Problem
•
Hard
Julie DurantRdES
Used 25+ times
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15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the newest version of the iPhone came out, the older version went on sale.
What is the supply of the older iPhone?
Low
High
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the newest version of the iPhone came out, the older version went on sale.
What is the demand for the older iPhone?
Low
High
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During the Thanksgiving season, the price of turkey increases because everyone wants one for their Thanksgiving dinner. What is the supply of turkey?
Low
High
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During the Thanksgiving season, the price of turkey increases because everyone wants one for their Thanksgiving dinner. What is the demand for turkeys?
Low
High
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It's the day before Valentine's day. A store is running low on Valentine's cards. They raise the price of the cards.
The demand is:
Low
High
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It's the day before Valentine's day. A store is running low on Valentine's cards. They raise the price of the cards.
The supply is:
Low
High
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A shoe store is having a sale on all of last year's shoes. The demand for last year's shoes is:
Low
High
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