Supply and Demand - 2nd Grade

Question 1

You are selling lemonade. It's 90 degrees outside and everyone is thirsty!! What is the demand?

Accepted Answer

Demand is high

Question 2

Jelly belly made a new booger flavored jellybean, no one likes it. Stores have boxes left over.

Accepted Answer

The price will decrease since they have so many jelly beans.

Question 3

What happens to the price of an item when the supply is high and the demand is low?

Accepted Answer

Price decreases

Question 4

It is the beginning of summer time and everyone wants to BBQ, what is the effect?

Accepted Answer

The price of meat will increase

Question 5

A lot of kids have to wait for a turn on the swings. What is the supply & demand of the swings?

Accepted Answer

Low Supply, High Demand

Question 6

What happens to the price of an item when the demand is high and the supply is low?

Accepted Answer

Price increases

Question 7

The day after Halloween, the stores still have tons of candy left. What is the supply & demand?

Accepted Answer

Low Demand, High Supply

Question 8

Pokemon cards are so popular that the stores. Sometimes they are sold out completely!

Accepted Answer

High Demand, Low Supply

Question 9

You are selling lemonade. It's 90 degrees outside and everyone is thirsty! Your price should __

Accepted Answer

increase

Question 10

The day after Halloween, the stores still have tons of candy left. Prices should _____

Accepted Answer

decrease

Question 11

The wildfires in California have burned thousands of Avocado trees, what will the effect be?

Accepted Answer

The price will rise.

Question 12

The wildfires in California have burned thousands of Avocado trees, what will the effect be?

Accepted Answer

The supply of avocados will decrease.

Question 13

What is supply?

Accepted Answer

The amount of product

Question 14

What is demand?

Accepted Answer

How many people want an item and how much they want it.

Questions 14