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Supply and Demand- 3rd Grade Flashcards | StudBud
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Supply and Demand- 3rd Grade
Supply and Demand- 3rd Grade
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#3rdGrade Quiz for Supply and Demand.
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
I have a cookie, & I have a friend who wants to buy the cookie. What is the supply? And demand?
Supply-# of Cookies, Demand- Friend who wants to buy cookie.
Supply- Friend who wants to buy cookie, demand- # of cookies
2
The wildfires in California have burned thousands of Avocado trees, what will the effect be?
The price will stay the same
Avocados will be free.
The price will fall.
The price will rise.
3
What is demand?
How many people want an item and how much they want it.
An item that people want.
4
You want to buy a ticket to a game, & your friend has a ticket to the game. Supply and demand?
Supply- You want to buy it, demand-ticket that friend has.
Supply- Ticket that friend has, demand- You want to buy it.
5
This year in New England they caught millions more lobsters than last year, what is the effect?
HEB will have less of a supply.
Lobsters will spoil at HEB or be set free.
Lobsters will cost more money at HEB.
Lobster will be on sale for less at HEB.
6
The wildfires in California have burned thousands of Avocado trees, what will the effect be?
The supply of avocados will increase.
The demand will decrease.
The supply of avocados will decrease.
The price of avocados will decrease.
7
It is the beginning of summer time and everyone wants to BBQ, what is the effect?
The price of meat will increase
They will sell only veggies instead.
The price of meat will stay the same.
The price of meat will decrease
8
Jelly belly made a new booger flavored jellybean, no one likes it. Stores have boxes left over.
The price of jelly beans will not change.
The price will increase since they have so many jelly beans.
The price will increase because everyone loves boogers.
The price will decrease since they have so many jelly beans.
9
What happens to the price of an item when the demand goes up and the supply goes down?
Price never changes
Price stays the same
Price decreases
Price increases
10
What is supply?
How many people want an item.
An item that people want.
