Supply and Demand Vocabulary
Authored by Johanna Carr
Social Studies
4th Grade
Used 12+ times
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is supply?
How much of something is available for sale
Things you need for school
The amount something costs
Wherever goods and services are offered for sale
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
_ is how much of an item people are willing and able to buy.
(a)
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money spent that does not change as more of an item is produced. For example, the cost to heat a bicycle factory does not increase as more bicycles are made. The heating cost is fixed or doesn't change.
Variable Cost
Revenue
Fixed Cost
Fixed Profit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Wherever goods and services are offered for sale
Grocery Store
Shopping Mall
Online
Marketplace
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The variable cost is . . .
how much of anything is available for sale
The money spent that changes, or increases, as more of the item is produced
The money spent that does not change as more of an item is produced
money received from selling goods and services
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
There is a ___ whenever the money received from the sale of items is more than the total cost of producing and selling them. The difference between the money received and the costs is the ___.
(a)
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The total money received from selling goods and services is the (a) .
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