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WorksheetsTCI Social Studies Lesson 10
Total questions: 12
Worksheet time: 6mins
The total amount of a good or service that is available to buy is called
demand
incentive
profit
supply
The total amount of a good or service that customers will buy at all prices is called
demand
incentive
profit
supply
The amount of money earned by a business after costs are removed is called
demand
incentive
profit
supply
A(n) ________ is something that leads a person to make a certain choice.
demand
incentive
profit
supply
Which of the following people is earning money by providing a service?
Growing fruit to sell
Sewing stuffed animals
Selling lemonade
Teaching a third grade class
Which of the following will increase the profit at a lemonade stand?
Using cheaper lemons
Using more ingredients
Selling during cold weather
Giving glasses away for free
At Georgia's fruit stand, she sells apples. The __________ of apples is how many she has to sell.
buyer
demand
seller
supply
A new toy becomes very popular, and many people want it. How will the price of the toy change?
Price will go up.
Price will go down.
A new bakery moves into the neighborhood. Now there are many more cookies that people can buy. How will the price of cookies change?
Price will go up.
Price will go down.
Cold weather in Florida kills many trees that grow oranges. How will the price of oranges change?
Prices will go up.
Prices will go down.
Julie sells hot chocolate during the winter. But this winter has been very warm. How will the price of hot chocolate change?
Prices will go up.
Prices will go down.
One company charges a high price to ship mail quickly. Soon many other companies start shipping mail just as quickly. How will the price of this service change?
Prices will go up.
Prices will go down.
