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Supply and Demand

Authored by Kelsi Stewart

Social Studies

4th - 6th Grade

Used 2+ times

Supply and Demand
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8 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What determines the prices of goods and services?

Supply

Demand

Supply and demand

Goods

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What happens to price when the market has a surplus

price drops

price stays the same

price increases

price triples

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Kanye West's new shoe the Yeezy Boost sold out in stores. This is an example of...

shortage

surplus

equilibrium

supply

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What might happen if the demand for a new type of XBOX began rising quickly?

The manufacturer would begin making fewer new XBOXs

Microsoft would raise the price of the new XBOXs

Microsoft would stop selling the new XBOX

Microsoft would lower the price of the new XBOX

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which condition would lead to the highest prices?

Low supply, high demand

High supply, high demand

High supply, low demand

Low supply, low demand

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If demand for a product increases beyond the ability of produces to supply the product, what will happen to the price of the product?

the price will increase

the price will decrease

the prices will stay the same

the price will decrease until producers can make more

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

A drought has made this year's tomato harvest smaller than usual. What will probably happen to the overall supply of tomato sauce?

The supply will probably go up

The supply will probably go down

Nothing would happen

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