Remember: A price settles where the number wanted meets the number offered.
Questions
1
Which one is true about supply, demand and Juno's scarves?
🙋Demand is how many people want a thing at a price👑The biggest seller alone sets the market price⬆️A surplus pushes a price up
2
Which one is true about supply, demand and Juno's scarves?
🧺At the market price many scarves are left over👑The biggest seller alone sets the market price📉Unsold scarves piling up can push a price down
3
Which scarf price is the one where six people want one?
an eight-coin scarfa six-coin scarfa two-coin scarf
4
Which one is true about supply, demand and Juno's scarves?
📦A surplus is more made than people want🧺At the market price many scarves are left over⬆️A surplus pushes a price up
5
❄️True or false? A cold snap can make more people want scarves.
TrueFalse
6
Which one is not true about supply, demand and Juno's scarves?
⬆️A surplus pushes a price up🥺A shortage is more people wanting one than are made📦A surplus is more made than people want
7
🧭True or false? No single person decides the market price.
TrueFalse
8
Which one is true about supply, demand and Juno's scarves?
🔼A higher price makes more people want one❄️A cold snap can make more people want scarves⬆️A surplus pushes a price up
9
Which one is true about supply, demand and Juno's scarves?
🧺At the market price many scarves are left over📦A surplus is more made than people want🔼A higher price makes more people want one
10
Which one is not true about supply, demand and Juno's scarves?
📉Unsold scarves piling up can push a price down🥺A shortage is more people wanting one than are made🏭A shortage means too many are made
11
Which one is true about supply, demand and Juno's scarves?
🧭No single person decides the market price⬆️A surplus pushes a price up🏭A shortage means too many are made
12
Which one is true about supply, demand and Juno's scarves?
🧶Supply is how many are offered at a price👑The biggest seller alone sets the market price🏭A shortage means too many are made
Scan the code at the top to mark this sheet on screenTake a photo of your answers or type them. It is marked for you automatically, and your score is kept.
Answer key · Set C
Supply and demand
1Demand is how many people want a thing at a price
2Unsold scarves piling up can push a price down
3a six-coin scarf
4A surplus is more made than people want
5True
6A surplus pushes a price up
7True
8A cold snap can make more people want scarves
9A surplus is more made than people want
10A shortage means too many are made
11No single person decides the market price
12Supply is how many are offered at a price
Mark each answer, count the right ones and write the score on the sheet.