NTI Day 4 Questions

When the supply of a product is _____, that means there is a lot of it available.

• low

• high

• average

Tags

CCSS.RI.2.4

CCSS.RI.3.4

CCSS.RI.4.4

CCSS.RL.3.4

CCSS.RL.4.4

Supply is the _______ of goods or services that is available in the market.

• amount

• demand for goods.

• quality of goods.

Tags

CCSS.RI.1.5

CCSS.RI.2.5

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

Cost of Production: If it costs more money to ____ the product, the supply may decrease.

• more

• make

New technology can make it easier and _____ to make goods, increasing supply.

• expensive

• cheaper

Tags

CCSS.RI.2.4

CCSS.RI.3.4

CCSS.RI.4.4

CCSS.RL.3.4

CCSS.RL.4.4

More ________ means more supply, while fewer producers means less supply.

• producers

• consumers

Events like __________ or droughts can disrupt the supply of certain goods.

• hurricanes

• thunderstorm

• blizzard

Tags

CCSS.RI.3.3

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

The price of a good or service can ________ depending on how much supply is available.

• stay the same

• change

Tags

CCSS.RI.1.5

CCSS.RI.2.5

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

When the supply of good or service increases, the price usually ________ because there is more of it available.

• decreases

• increases

• stays the same

If the supply decreases, the price usually ________ because there is less of it available.

• decreases

• increases

• stays the same

How could you use the opportunity of having a surplus of lemons to sell more lemonade at your stand?

• Increase the price of lemonade

• Make more lemonade and sell it at a lower price

Tags

CCSS.6.RP.A.3B