I want to buy a new camera. What should I do?

Look at a few stores and compare prices.

How much consumers want something

Work that someone does for someone else

Customers start buying more notebooks

studbud

Supply and Demand

15 termsStudBud Administration689 plays

A quiz for 3rd grade Social Studies about producers, consumers, supply, and demand.

Flashcards15 cardsFPractice quizPHost liveL

Questions 15

Answers

1
Supply is:
How much consumers want something
The amount of something available
2
Which is an example of a service?
Fruit and vegetables
Walking your neighbor's dog
Video games
Cars
3
A producer is:
How much people want something
Someone who pays for a service
Someone who makes or grows goods or provides a service
Someone who buys goods or services
4
A consumer is:
How much of something is available
A person who walks dogs for others
Someone who grows food
Someone who buys goods or services
5
When there is a low supply and high demand, prices will go:
Up
Down
6
I want to buy a new camera. What should I do?
Look at a few stores and compare prices.
Run to the closest store and buy a camera.
Buy the camera with the highest price.
Get the camera that looks the prettiest.
7
When there is a high supply and low demand, prices will go:
Down
Up
8
Which is an example of goods?
Walking your neighbor's dog
Furniture, cars, and groceries
Riding your bike
A police officer
9
Who is a consumer?
A farmer growing vegetables
A person who buys books
A worker who fixes trucks
A stylist cutting your hair
10
Demand is:
How much consumers want something
The amount of something available
11
What are services?
Buying video games
Work that someone does for someone else
How much people will pay for something
When you trade goods for services
12
Which happens LAST?
The store lowers the price of notebooks
A store gets a large supply of notebooks
Customers start buying more notebooks
Very few people buy the notebooks
13
Who is a producer?
A craftsman making furniture
All of the above
A farmer growing vegetables
A stylist cutting your hair
14
Which provides both goods and services?
A post office
A family
A bus driver
A babysitter
15
What are goods?
The amount of something available
Things that are made or grown
A person who pays someone else
When you buy something

Supply and Demand Flashcards | StudBud