Supply and demand

Draw

Welcome to Social Studies!

But first...

Which meal do you look forward to the most?

Poll

Have you ever heard the word Entrepreneur before?

• Yes - I think so.

• Nope! Never!

Multiple Choice

What is an entrepreneur?

• A person who takes risks and opens a business

• A person who works for someone else

• A person who only invests money

• A person who manages a store

Multiple Choice

Which of the following is NOT a common way entrepreneurs fund their businesses?

• Using their own savings

• Borrowing money from a bank

• Receiving money from investors

• Winning the lottery

Multiple Choice

What does it mean when a good or service is described as 'scarce'?

• There is not enough of it

• It is easy to find

• It is always in high demand

Multiple Select

What might happen to prices of fireworks AFTER 4th of July?

• They will be more expensive .

• Fireworks will go on sale.

• The price will drop because they aren't in demand.

Categorize

Options (4)

lots of hot wheels choices

snacks to choose from!

Yogurt selection!

There's a waiting list for a new phone!

Is there a surplus? Or is it in high demand?

surplus

in high demand