Supply and Demand

Front

The person who makes a product is called a

Back

producer

Front

The person who buys a product is called a

Back

consumer

Front

Something someone buys is a

Back

product

Front

The price of something is how much it

Back

costs

Front

The _______ is how much of something a person has.

Back

supply

Front

The _______ is how much of something people want.

Back

demand

Front

When supply INCREASES and demand DECREASES, price goes

Back

down

Front

When supply DECREASES and demand INCREASES, prices go?

Back

up

Front

An item that people want to have has a demand that is:

Back

high

Front

An item that you have a lot of supply of is ____ demand?

Back

low