Test
Supply, demand and market price
This classroom material helps 10th-grade students practice understanding supply, demand, and market price concepts through question types like multiple-choice, ordering steps, and fill-in-the-blank exercises. It explores laws of demand and supply, market equilibrium, surplus, and shortage with real-world examples.
By Edform · Economics and personal finance · Grade 10 · Published Oct 15, 2026 · Used 1 time
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Questions
- Which situation best describes a market equilibrium?
- Which of the following would cause the demand for pizza to increase? Select all that apply.
- Put these steps in the correct order to show what happens when there is a surplus in the market.
- Fill in the blanks: According to the law of supply, as the price of a good increases, the quantity supplied _, and as the price decreases, the quantity supplied _.
- Sort each scenario into the correct category: Surplus or Shortage.
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