Supply and Demand- Final Quiz

Match the following:

• how much there is of goods and services

• services

• a job a person is paid for

• goods

• things you buy

• Supply

• how much the goods are needed

• Demand

What business did the third-grade students decide to start?

• Lemonade stand

• Toy store

• Book shop

• Ice cream parlor

Tags

CCSS.RI.2.5

CCSS.RI.3.3

CCSS.RI.3.5

CCSS.RI.4.3

CCSS.RI.4.5

What does 'supply' mean in the context of the students' business?

• How much lemonade they have to sell

• How much lemonade their friends want to buy

• The price of lemonade

• The quality of lemonade

Tags

CCSS.8.EE.B.5

Why did the students ask their classmates about their flavor preferences?

• To make lemonade that everyone would enjoy

• To increase the price of lemonade

• To reduce the cost of ingredients

• To decide the location of their stand

Tags

CCSS.RI.2.1

CCSS.RI.3.1

CCSS.RL.1.1

CCSS.RL.2.1

CCSS.RL.3.1

What was one of the key lessons the students learned from their business project?

• The importance of supply and demand

• How to make lemonade

• The history of lemonade

• The nutritional value of lemonade

What did the students include in their business plan?

• Who would make and sell the lemonade

• The history of lemonade

• The nutritional value of lemonade

• The environmental impact of lemonade

Tags

CCSS.RI.2.1

CCSS.RI.3.1

CCSS.RL.1.1

CCSS.RL.2.1

CCSS.RL.3.1

How did the students feel after creating a business plan?

• Like real business owners

• Confused and lost

• Bored and uninterested

• Tired and exhausted

Tags

CCSS.RL.1.3

CCSS.RL.2.3

CCSS.RL.3.3

CCSS.RL.4.3

CCSS.RL.5.3