Supply/Demand Lesson (5th Grade Econ)

Question 1

How many chocolate bars would you buy if they each cost 10 dollars?

Accepted Answer

3, 2, 1, 0

Question 2

If the demand curve shifts to the left, what will happen to market price and quantity sold?

Accepted Answer

price will rise and quantity will fall, price will fall and quantity will fall, price will rise and quantity will rise, price will fall and quantity will rise

Question 3

How many chocolate bars would you buy if they might contain bugs and cost $15?

Accepted Answer

2, 1, 3, 0

Question 4

If the demand curve shifts to the right, what will happen to market price and quantity sold?

Accepted Answer

price will fall and quantity will fall, price will rise and quantity will fall, price will rise and quantity will rise, price will fall and quantity will rise

Question 5

How many chocolate bars would you buy if they gave you super strength for one day and cost $3?

Accepted Answer

1, 3, 2, 0

Question 6

How many chocolate bars would you buy if they might contain bugs and cost 10¢?

Accepted Answer

3, 1, 2, 0

Question 7

How many chocolate bars would you buy if they might contain bugs and cost $10?

Accepted Answer

3, 1, 0, 2

Question 8

How many chocolate bars would you buy if they gave you super strength for one day and cost 50¢?

Accepted Answer

1, 3, 0, 2

Question 9

How many chocolate bars would you buy if they might contain bugs and cost 50¢?

Accepted Answer

3, 2, 1, 0

Question 10

How many chocolate bars would you buy if they each cost 20 dollars?

Accepted Answer

1, 2, 0, 3

Question 11

How many chocolate bars would you buy if they each cost 25 cents?

Accepted Answer

2, 0, 1, 3

Question 12

How many chocolate bars would you buy if they gave you super strength for one day and cost $20?

Accepted Answer

3, 2, 1, 0

Question 13

How many chocolate bars would you buy if they each cost 2 dollars?

Accepted Answer

1, 3, 2, 0

Question 14

People become producers if they can make a profit. Who will produce at the lowest sale price?

Accepted Answer

John (who has none of the resources in his yard), Hunter (who has a cow, and a plot of sugar cane), Cass (who has a cow, a plot of sugar cane and a caco tree), Lilly (who has a cow in her yard)

Question 15

How many chocolate bars would you buy if they gave you super strength for one day and cost $15?

Accepted Answer

0, 1, 3, 2

Question 16

How many chocolate bars would you buy if they each cost 50 cents?

Accepted Answer

0, 3, 2, 1

Question 17

How many chocolate bars would you buy if they each cost 3 dollars?

Accepted Answer

0, 3, 1, 2

Question 18

How many chocolate bars would you buy if they each cost 1 dollar?

Accepted Answer

2, 1, 0, 3

Question 19

How many chocolate bars would you buy if they might contain bugs and cost $20?

Accepted Answer

2, 0, 1, 3

Question 20

How many chocolate bars would you buy if they gave you super strength for one day and cost 25¢?

Accepted Answer

0, 1, 3, 2

Question 21

Who will only be able to produce at the highest sale price?

Accepted Answer

John (who has none of the resources in his yard), Hunter (who has a cow, and a plot of sugar cane), Cass (who has a cow, a plot of sugar cane and a caco tree), Lilly (who has a cow in her yard)

Question 22

How many chocolate bars would you buy if they might contain bugs and cost $1?

Accepted Answer

0, 3, 1, 2

Question 23

How many chocolate bars would you buy if they gave you super strength for one day and cost $1?

Accepted Answer

1, 0, 3, 2

Question 24

If the supply curve shifts to the right, what will happen to market price and quantity sold?

Accepted Answer

price will rise and quantity will rise, price will rise and quantity will fall, price will fall and quantity will rise, price will fall and quantity will fall

Question 25

If the government puts a really heavy tax on sugar, what will happen to our graph?

Accepted Answer

The demand curve will shift to the left, The supply curve will shift to the left, The supply curve will shift to the right, The demand curve will shift to the right

Question 26

How many chocolate bars would you buy if they might contain bugs and cost $5?

Accepted Answer

3, 2, 0, 1

Question 27

If the supply curve shifts to the left, what will happen to market price and quantity sold?

Accepted Answer

price will fall and quantity will fall, price will rise and quantity will fall, price will fall and quantity will rise, price will rise and quantity will rise

Question 28

How many chocolate bars would you buy if they gave you super strength for one day and cost $2?

Accepted Answer

1, 3, 2, 0

Question 29

It takes 3 natural resources to make chocolate. Who will have the lowest cost of production?

Accepted Answer

John (who has none of the resources in his yard), Hunter (who has a cow, and a plot of sugar cane), Lilly (who has a cow in her yard), Cass (who has a cow, a plot of sugar cane and a caco tree)

Question 30

How many chocolate bars would you buy if they each cost 10 cents?

Accepted Answer

3, 1, 0, 2

Question 31

If it rains a lot this year and crop yields are high, what will happen to our graph?

Accepted Answer

The demand curve will shift to the left, The supply curve will shift to the right, The demand curve will shift to the right, The supply curve will shift to the left

Question 32

If all our consumers had more money to spend, what will happen to our graph?

Accepted Answer

The supply curve will shift to the left, The demand curve will shift to the right, The supply curve will shift to the right, The demand curve will shift to the left

Question 33

How many chocolate bars would you buy if they might contain bugs and cost 25¢?

Accepted Answer

0, 1, 3, 2

Question 34

How many chocolate bars would you buy if they might contain bugs and cost $3?

Accepted Answer

2, 0, 1, 3

Question 35

How many chocolate bars would you buy if they each cost 5 dollars?

Accepted Answer

3, 2, 1, 0

Question 36

How many chocolate bars would you buy if they each cost 15 dollars?

Accepted Answer

0, 2, 1, 3

Question 37

If doctors start saying that chocolate is good for your heart, what will happen to our graph?

Accepted Answer

The supply curve will shift to the right, The demand curve will shift to the right, The supply curve will shift to the left, The demand curve will shift to the left

Question 38

It takes 3 natural resources to make chocolate. Who will have the highest cost of production?

Accepted Answer

Lilly (who has a cow in her yard), Hunter (who has a cow, and a plot of sugar cane), Cass (who has a cow, a plot of sugar cane and a caco tree), John (who has none of the resources in his yard)

Question 39

If the customers find out that there are bugs in the chocolate, what will happen to our graph?

Accepted Answer

The demand curve will shift to the left, The supply curve will shift to the left, The supply curve will shift to the right, The demand curve will shift to the right

Question 40

How many chocolate bars would you buy if they gave you super strength for one day and cost $10?

Accepted Answer

2, 1, 3, 0

Question 41

How many chocolate bars would you buy if they might contain bugs and cost $2?

Accepted Answer

1, 3, 0, 2

Question 42

How many chocolate bars would you buy if they gave you super strength for one day and cost $5?

Accepted Answer

2, 0, 1, 3

Supply/Demand Lesson (5th Grade Econ)

Questions 42

Supply/Demand Lesson (5th Grade Econ)

Questions 42