Farmers in California have had wonderful weather. They have produced the largest crop of watermelons in years. What will happen to the price of watermelons?
Supply and Demand 3rd Grade
3rd - 5th Grade
•12 Qs
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Supply and Demand 3rd Grade
Quiz
•
Brian King
•
Social Studies
•
3rd - 5th Grade
•
1K plays
•
Medium
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The price will go up.
The price will go down.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Cold weather in Florida has damaged this year’s orange crop. Farmers have only half of the usual amount of oranges to sell. What will happen to the price of oranges?
The price will go up.
The price will go down.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What happens if you have a rare football trading card? Your friends really want that card. The supply of that card is low, while demand for it is high. What will happen to the price of the card?
The price will go up.
The price will go down.
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Lucas fixes his friend's sink. He is providing a _____________.
trade
opportunity cost
product
service
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Giving a haircut
example of scarcity
example of a service
example of a good
example of a consumer
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The amount of a good or service that is available to consumers
Supply
Demand
Saver
Spender
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Things that you can buy or sell are called:
Goods
Needs
Services
Wants
8.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If there is a huge demand for an item and the supply is very low, what will happen to the price?
The price will decrease
The price will increase
The price will stay the same.
They will be free.
9.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Few farmers have ripe cherries to sell. The supply of cherries is low. But many customers at the market want to buy cherries.The demand for cherries is high. What will happen to the price of the cherries?
The price will go up.
The price will go down.
10.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of these words BEST describes how popular a good (or item) is?
demand
supply
money
jobs
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