Supply and Demand

Supply and Demand

3rd Grade

10 Qs

quiz-placeholder

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Supply and Demand

Supply and Demand

Assessment

Quiz

Social Studies

3rd Grade

Practice Problem

Medium

Created by

Mackenzie Poole

Used 20+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

If a girl has 1 sucker that she wants to sell, and a LOT of people want to buy it, what will she likely do?

increase the price

decrease the price

keep it

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

If you make 100 copies of an item, but nobody wants to buy it, what will you have to do to the price?

decrease it

increase it

nothing

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which of these words BEST describes how popular a good (or item) is?

demand

supply

money

jobs

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

The amount of goods or services available is called?

supply
demand
producer
consumer

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

If there is a huge demand for an item and the supply is very low, what will happen to the price?

The price will decrease
The price will increase
The price will stay the same.
They will be free.

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What happens to the price of objects when the demand for them decreases?

The price will go down
The price will go up
The price will stay the same
They will be free

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

Amazon Prime is selling Smencils.  There are only a few packs left and they are very popular.  What will happen to the price?

The price will go up.
The price will go down.

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