Understanding Supply and Demand

Understanding Supply and Demand

3rd Grade

10 Qs

quiz-placeholder

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Understanding Supply and Demand

Understanding Supply and Demand

Assessment

Interactive Video

Social Studies

3rd Grade

Practice Problem

Medium

Created by

Nora Christina Beck

Used 15+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did Justin decide to buy on a hot day at the park?

Coffee

Water

Ice cream

Soda

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why did the price of the ice cream flavor Justin wanted increase?

It was a very hot day

It was the last scoop

The vendor was closing soon

Many people wanted it

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did Justin use to explain supply and demand?

A video game with new characters

A science experiment using baking soda and vinegar

A personal story about ice cream

A history book

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does 'supply' refer to in economics?

How much a product costs

How many items are available

How much people want a product

How often a product is sold

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens to prices when demand is high but supply is low?

Prices remain the same

Prices increase

Prices fluctuate

Prices decrease

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What might cause the price of school supplies to increase?

During winter

After school ends

Right before school starts

During school vacations

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When is a good time to buy a coat according to supply and demand principles?

In winter

In summer

During a sale

When it's raining

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