Supply and Demand

Supply and Demand

2nd - 6th Grade

38 Qs

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Supply and Demand

Supply and Demand

Assessment

Quiz

Business

2nd - 6th Grade

Medium

Created by

Kewenda Mckinnis

Used 7+ times

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38 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Media Image

The want or willingness a consumer has to purchase a good or a service is called?

shortage
supply
price
demand

2.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Media Image

The amount of goods or services available for a producer to sell is called?

supply
demand
producer
consumer

3.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Media Image

An individual who purchases (buy) goods.

producer
consumer
goods
services

4.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

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

5.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Media Image

Weather forecasters predict this summer will be much hotter than usual. What will probably happen to the demand for air conditioners?

The demand will probably go up

The demand will probably go down

6.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What will happen to the price of baby cribs if there is a large increase in the number of babies born?

The price will increase

The price will decarese

7.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What will happen to the price of new cars if a weak economy causes people to have lower incomes?

The price will increase

The price will decrease

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