Supply and Demand
Authored by Lauren Nickerson
Social Studies
2nd - 3rd Grade
Used 573+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
It's December in Michigan and many people need snow boots. There are not many boots available in stores. The supply for boots is ____?____.
Low
High
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
It's December in Michigan and many people need snow boots. There are not many boots available in stores. The demand for boots is ____?____.
Low
High
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Yesterday, a new restaurant opened in town. There was a long line of people waiting to be seated. What was scarce?
People
Food
Seats
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is scarcity?
When there is not enough of something.
what you give up in order to get what you want most.
the amount of a good or service that is available.
How much people want the good or service.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is Supply?
When there is not enough of something.
what you give up in order to get what you want most.
the amount of a good or service that is available.
How much people want the good or service.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is Demand?
When there is not enough of something.
what you give up in order to get what you want most.
the amount of a good or service that is available.
How much people want the good or service.
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Our school is having a Bake Sale. There are plenty of cookies but the cupcakes are almost gone. What is scarce?
Cookies
Cupcakes
Shoppers
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