Supply and Demand

Supply and Demand

Assessment

Assessment

Created by

Tamarra James

Business

9th - 12th Grade

1K plays

Medium

Student preview

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12 questions

Show answers

1.

Multiple Choice

30 sec

1 pt

In general, if the price of a good or service goes down, what happens to the demand for that good or service?

demand goes up

demand stays the same

demand goes down

none of the above

2.

Multiple Choice

45 sec

1 pt

Media Image

Amazon Prime is selling Smencils.  There are only a few packs left and they are very popular.  What will happen to the price?

The price will go up.

The price will go down.

3.

Multiple Choice

30 sec

1 pt

Media Image

a person or company that makes, grows, or supplies goods to sell is called the?

damand

price

producer

shortage

4.

Multiple Choice

30 sec

1 pt

In general, if the price of a good or service goes up, what happens to the demand for that good or service?

demand goes up

demand stays the same

demand goes down

none of the above

5.

Multiple Choice

45 sec

1 pt

Media Image

The week before Halloween, pumpkin patches all around the country sell lots of pumpkins. What will happen to the price of pumpkins on the day after Halloween?

The price will go up.

The price will go down.

6.

Multiple Choice

45 sec

1 pt

Media Image

Millions of people see a famous sports star drinking apple juice on television. The fans think apple juice helps make the athlete strong. What will happen to the price of apple juice?

The price will go up.

The price will go down.

cartoon woman

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