Supply and Demand
Flashcard
•
Social Studies
•
3rd Grade
•
Practice Problem
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Supply
Back
the amount of a good or service that is available
2.
FLASHCARD QUESTION
Front
Needs: how much people want or need a good or service
Back
how much people want or need a good or service
3.
FLASHCARD QUESTION
Front
Wants
Back
things that a person would like to have but are not necessary to survive
4.
FLASHCARD QUESTION
Front
Demand
Back
how much people want or need a good or service
5.
FLASHCARD QUESTION
Front
Scarcity
Back
a shortage of a resource
6.
FLASHCARD QUESTION
Front
Producer
Back
a person or group that makes a product
7.
FLASHCARD QUESTION
Front
Consumer
Back
a person who buys goods and services
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