Supply and Demand Price Effects

Supply and Demand Price Effects

Assessment

Passage

Social Studies

4th Grade

Hard

Created by

Justin Hurst

FREE Resource

4 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens to the price if the supply stays the same and the demand increases?

The price increases.

The price decreases.

The price stays the same.

The price doubles.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the supply increases and the demand stays the same, what is the effect on the price?

The price increases.

The price decreases.

The price stays the same.

The price triples.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the effect on the price if the supply decreases and the demand stays the same?

The price decreases.

The price increases.

The price stays the same.

The price halves.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the supply stays the same and the demand decreases, what happens to the price?

The price increases.

The price decreases.

The price stays the same.

The price quadruples.

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