Supply & Demand
Flashcard
•
Social Studies
•
6th Grade
•
Practice Problem
•
Easy
Melissa Artis
Used 3+ times
FREE Resource
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20 questions
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1.
FLASHCARD QUESTION
Front
Why are there no basketball tickets available for the Cavs game?
Back
The demand for tickets was greater than the supply.
2.
FLASHCARD QUESTION
Front
A person or company that makes, grows, or supplies goods to sell is called?
Back
producer
3.
FLASHCARD QUESTION
Front
The want or willingness a consumer has to purchase a good or a service is called?
Back
demand
4.
FLASHCARD QUESTION
Front
The amount of goods or services available for a producer to sell is called?
Back
supply
5.
FLASHCARD QUESTION
Front
An individual who purchases (buy) goods.
Back
consumer
6.
FLASHCARD QUESTION
Front
A drought has made this year's tomato harvest smaller than usual. What will probably happen to the overall supply of tomato sauce?
Back
The supply will probably go down
7.
FLASHCARD QUESTION
Front
Weather forecasters predict this summer will be much hotter than usual. What will probably happen to the demand for air conditioners?
Back
The demand will probably go up
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