Supply and Demand

Front

What is the definition of an innovator like Henry Ford?

Back

Someone who does something in a new way.

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

What will happen to the price of apple juice if millions of people see a famous sports star drinking it on television and fans think it helps make the athlete strong?

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 if the supply is low and the demand is high?

Back

The price will go up.

Front

What will happen to the price of a football trading card when the supply is high and the demand is low?

Back

The price will go down.

Front

What will happen to the price of a football trading card when the supply is high and the demand is low?

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 tickets?

Back

The price will go up.

Front

Amazon Prime is selling Smencils. There are only a few packs left and they are very popular. What will happen to the price?

Back

The price will go up.