Exploring Supply and Demand Dynamics
Interactive Video
•
Social Studies
•
6th - 10th Grade
•
Practice Problem
•
Hard
Sophia Harris
FREE Resource
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6 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the amount of a product available to consumers?
Demand
Supply
Market
Price
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a toy store has a large number of a specific toy, what does this indicate?
High demand
Low demand
Low supply
High supply
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens when the demand for a product is high but the supply is low?
The price may go down
The price may go up
The demand decreases
The supply increases
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might some people be willing to pay more for a product?
If the demand is low
If the product is easy to get
If the product is hard to get
If the supply is high
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What effect do new, more desirable products have on older products?
Decrease the demand for older products
Increase the price of older products
Decrease the supply of older products
Increase the supply of older products
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can a store sell older products more easily when new products are introduced?
By increasing the price
By increasing the supply
By decreasing the price
By decreasing the demand
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