Supply and Demand

Front

If the price of a good or service goes down, what happens to the demand?

Back

demand goes up

Front

What will happen to the price of Smencils on Amazon Prime when there are only a few packs left and they are very popular?

Back

The price will go up.

Front

A person or company that makes, grows, or supplies goods to sell is called the?

Back

producer

Front

What happens to the demand for a good or service if its price goes up? Options: demand goes up, demand stays the same, demand goes down, none of the above

Back

demand goes down

Front

What will happen to the price of pumpkins on the day after Halloween?

Back

The price will go down.

Front

Millions of people see a famous sports star drinking apple juice on television. The fans think apple juice helps make the athlete strong. What will happen to the price of apple juice?

Back

The price will go up.

Front

The amount of goods or services available is called? Options: supply, demand, producer, consumer

Back

supply

Front

An individual or group who purchases goods.

Back

consumer

Front

A group of buyer and sellers of a particular good or service

Back

Market

Front

How much people want something

Back

demand