
Understanding Supply and Demand
Interactive Video
•
Business
•
6th - 8th Grade
•
Hard
Jennifer Brown
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary reason for understanding supply and demand in everyday life?
To predict weather patterns
To make better financial decisions
To improve cooking skills
To enhance artistic abilities
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to the price of apples when there is a high supply but low demand?
The price increases
The apples are given away for free
The price remains the same
The price decreases
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does a housing shortage typically affect rent prices?
Rent prices increase
Rent prices are unaffected
Rent prices remain stable
Rent prices decrease
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common result when both demand is high and supply is low for a new product?
The product is discontinued
The product's price increases
The product's price decreases
The product becomes less popular
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it beneficial to understand the patterns of supply and demand?
To make more informed financial choices
To enhance musical talent
To learn new languages
To improve physical fitness
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