Supply and Demand

Grade 4 - Social Studies - Building Confidence

NameDate
  1. Demand for strawberries changes because families want strawberries for a festival. What price effect is likely if supply stays the same?

    • the price is likely to rise when seats are limited
    • the price may rise if the same amount is for sale
    • the price may rise if stores cannot restock quickly
    • the price may rise because more people want bicycles
  2. Supply of bicycles changes because a factory sends more bicycles to local stores. What price effect is likely if demand stays the same?

    • the price may fall because more bicycles are available
    • the price is likely to fall when more seats are offered
    • the price may fall when more berries reach the market
    • the price is likely to fall if demand stays the same
  3. Which evidence shows a shortage of rain boots?

    • hundreds of fans try to buy only 80 seats
    • customers want shovels after the rack is empty
    • customers want 30 pairs but the store has 12 pairs
    • buyers ask for more baskets than farmers brought
  4. Which evidence shows a surplus of rain boots?

    • unsold bikes fill the display area
    • many shovels are still unsold after winter
    • many seats remain empty after sales close
    • the store has 40 pairs but customers want 15 pairs
  5. Which statement best explains supply and demand for strawberries?

    • demand means how many sellers are asleep
    • prices change only because maps have scales
    • supply means how many rights citizens have
    • prices can change when buyer interest and available supply change
  6. Demand for bicycles changes because a new bike trail opens near town. What price effect is likely if supply stays the same?

    • the price is likely to rise when seats are limited
    • the price is likely to rise if supply stays the same
    • the price may rise because more people want bicycles
    • the price may rise if stores cannot restock quickly
  7. Supply of strawberries changes because nearby farms harvest a larger strawberry crop. What price effect is likely if demand stays the same?

    • the price is likely to fall when more seats are offered
    • the price may fall when more berries reach the market
    • the price may fall when shelves are full
    • the price may fall because more bicycles are available
  8. Which evidence shows a shortage of strawberries?

    • the shelf is empty while students still need notebooks
    • hundreds of fans try to buy only 80 seats
    • buyers ask for more baskets than farmers brought
    • customers want 30 pairs but the store has 12 pairs
  9. Which evidence shows a surplus of notebooks?

    • many seats remain empty after sales close
    • notebook stacks remain after most students bought supplies
    • unsold bikes fill the display area
    • many shovels are still unsold after winter
  10. Which statement best explains supply and demand for concert tickets?

    • supply means how many rights citizens have
    • demand means how many sellers are asleep
    • prices can change when buyer interest and available supply change
    • prices change only because maps have scales
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