Supply and Demand Quiz

What did Mia and Jenna wait in line for at the bookstore?

• A new video game

• A new book

• A new toy

• A new movie

Who wrote the letter that mentioned a long line at a shoe store?

• Mia

• Jenna

• Javier

• Erica

What does "supply" mean in economics?

• How much of something is wanted

• How much of something is available

• How much money people have

• How many stores there are

What happens when there is high demand and low supply?

• Prices go down

• Prices go up

• Prices stay the same

• Prices disappear

What example did Erica give for low demand and high supply?

• New sneakers

• Snow boots

• Books

• Video games

What do people usually do when supply is high and demand is low?

• They pay more

• They pay regular prices

• They get angry

• They buy everything

What can happen to prices when there is too much of something?

• They can go up

• They can go down

• They stay the same

• They can disappear

What is the main topic of the video?

• Shopping

• Supply and demand

• Bookstores

• Economics

Why are some sneakers more expensive than others?

• They are old

• They are popular and in high demand

• They are hard to find

• Both b and c

What did Jenna learn about her shopping habits?

• She never buys anything

• She only buys expensive items

• She pays attention to supply and demand

• She only shops online