Supply and Demand

Supply and Demand

3rd Grade

12 Qs

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Supply and Demand

Supply and Demand

Assessment

Quiz

Social Studies

3rd Grade

Practice Problem

Medium

Created by

Malarie Fennell

Used 1+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Corn crops around the country grew very well this year and there is more supply than people normally buy. What will happen to the price of corn? 

increase

decrease

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A new restaurant opens up in a small town. Everyone wants to try it. There are only 15 tables available. What happens to the demand for reservations?

increase

decrease

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is winter in the north east, which means very cold temperatures and snow. The demand for ice cream will probably __________.

increase

decrease

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You are at an amusement park when it begins to rain. The demand for umbrellas and ponchos will _______.


increase

decrease

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There is a drought and fewer strawberries are available. The demand for strawberries is high so the price _________.


high

low

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is only a few days before Halloween and the store is almost out of candy. The price for candy will ________.


increase

decrease

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The department store has a large supply of winter coats in March. What will happen to the price of the coats? 


increase

decrease

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