Supply and Demand

Supply and Demand

2nd - 3rd Grade

10 Qs

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Assessment

Quiz

Social Studies

2nd - 3rd Grade

Practice Problem

Medium

Created by

Lauren Nickerson

Used 562+ times

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10 questions

Show all answers

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

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