3rd Grade Supply and Demand Pre-test

What do we call people that provide/make goods in order to sell?

• Consumer

• Producer

What is a consumer?

• People who eats a lot of food

• People that sell products

• People that buy goods or services

• People who really like dinosaurs

A word to describe things that are bought and sold.

• Goods

• Money

• Stores

• Producers

The amount of goods or services that producers create.

• Demand

• Items

• Supply

The word we use to describe how popular an item is.

• Goods

• Demand

• Supply

• Really Cool

If you own a rare Pokémon card, we would say it is in high demand therefore the price you could sell it at goes ____.

• Up

• Down

Due to bad weather, the corn fields were destroyed. This limits the supply of corn. What will happen to the price of corn?

• The price of corn will go down.

• The price of corn will stay the same.

• The price of corn will go up.

The prices of Florida Oranges have gone down. This is likely due to the?

• A high supply of oranges this year.

• Everyone really wants oranges.

• A low supply of oranges this year.

Why do the price of bathing suits go down in the winter?

• They make really good Christmas presents.

• There is a low demand for bathing suits because of the cold weather.

• There is a high demand for bathing suits because of the warm weather.

• There is no real reason for the prices to go down.

Which of these is an example of a service?

• Groceries

• A Haircut

• Buying a house