Goods and Services & Supply and Demand

Front

Things that you can buy or sell are called:

Back

Goods

Front

The amount of a good or service that is available to consumers

Back

Supply

Front

Farmers in California have had wonderful weather. They have produced the largest crop of watermelons in years. Is the supply higher or lower than normal?

Back

higher

Front

Which of these words BEST describes how popular a good (or item) is? demand, supply, money, jobs

Back

demand

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 happened to the supply of oranges?

Back

The supply of oranges went down.

Front

If there is a huge demand for an item and the supply is very low, what will happen to the price?

Back

The price will increase

Front

Many customers at the market want to buy cherries. The demand for cherries is _____.

Back

high

Front

If a girl has 1 lollipop that she wants to sell, and a LOT of people want to buy it, is the demand high or low?

Back

high

Front

Lots of people want to buy fidget toys but there are only 3 left. The ____ is low.

Back

supply