Supply and Demand 3rd Grade

Front

What will happen to the price of watermelons if farmers in California have produced the largest crop in years?

Back

The price will go down.

Front

What will happen to the price of oranges due to cold weather damaging this year’s orange crop in Florida, resulting in only half of the usual amount of oranges to sell?

Back

The price will go up.

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

Lucas fixes his friend's sink.  He is providing a _____________.

Back

service

Front

Giving a haircut

Back

example of a service

Front

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

Back

Supply

Front

Things that you can buy or sell are called:

Back

Goods

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

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

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

Back

demand