
Exploring Supply and Demand Concepts
Interactive Video
•
Social Studies
•
6th - 10th Grade
•
Practice Problem
•
Medium
Liam Anderson
Used 3+ times
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the initial cost per cup of lemonade?
10 cents
20 cents
25 cents
35 cents
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why did Maya and Tomas decide to increase the price to 25 cents?
They wanted to buy a video game
They were competing with another stand
The demand was high
They had too much lemonade
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happened when the price was increased to 35 cents?
Sales increased
Sales remained the same
Sales decreased
They ran out of lemonade
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What did Jack suggest when he saw the price was too high?
Have a sale
Increase the price
Sell more lemonade
Close the stand
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What new competition did Maya and Tomas face?
A fruit juice stand
A candy store
A soda and hot dog concession stand
Another lemonade stand
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did Maya and Tomas add value to their lemonade stand?
Selling more lemonade
Offering free samples
Adding chocolate chip cookies
Lowering the price
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What did Mr. Smith mean by 'equilibrium'?
There is no competition
The demand is low
The supply and demand are balanced
The price is too high
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