Supply and Demand Flashcard

Front

When the supply goes higher, the demand will be:

Back

Lower

Front

Farmers in California have had wonderful weather. They have produced the largest crop of watermelons in years. What will happen to the price of watermelons?

Back

The price will go down.

Front

Cold weather in Florida has damaged this year’s orange crop. Farmers have only half of the usual amount of oranges to sell. What will happen to the price of oranges?

Back

The price will go up.

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

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

Back

The price will go down.

Front

What will happen to the price of cherries when supply is low and demand is high?

Back

The price will go up.

Front

What will happen to the price of a football trading card that everyone else has, with high supply and low demand?

Back

The price will go down.

Front

What will happen to the price of a football trading card that everyone else has, with high supply and low demand?

Back

The price will go down.

Front

What happens if you have a rare football trading card? Your friends really want that card. The supply of that card is low, while demand for it is high. What will happen to the price of the card?

Back

The price will go up.

Front

What will happen to the price of the tickets for the new Star Wars movie if all shows are sold out and many people want to buy them?

Back

The price will go up.