
Supply and Demand
Authored by Marcus Logan
English
12th Grade
CCSS covered
Used 21+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Things that you can buy or sell are called:
Goods
Services
Needs
Wants
Tags
CCSS.RI.8.2
CCSS.RL.11-12.2
CCSS.RL.7.1
CCSS.RL.8.1
CCSS.RL.9-10.2
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Lucas fixes his friends sink. He is providing a _______.
service
trade
product
good
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The desire or willingness a consumer has to purchase a good or a service is called:
demand
shortage
supply
price
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The amount of a good or service that is available to consumers:
supply
demand
service
product
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Cold weather in Florida has damaged this year’s orange crop. Farmers have only half of the usual amount of oranges to sell. What will happen to the price of oranges?
The price will increase
The price will decrease
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
When the demand for a product or service is higher than the supply this causes what?
shortage
surplus
consumer
equilibrium
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Farmers in California have had wonderful weather. They have produced the largest crop of watermelons in years. What will happen to the price of watermelons?
The price will increase
The price will decrease
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