supply and demand

The week before Halloween, pumpkin patches all around the country sell lots of pumpkins. What will happen to the price of pumpkins on the day after Halloween?

• The price will go up.
• The price will go down.

Tags

CCSS.HSF-LE.A.1B

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

• trade
• opportunity cost
• product
• service

Someone who makes a product to sell is a ____________.

• human resource
• consumer
• producer
• trader

 Giving a haircut

• example of scarcity
• example of a service
• example of a good
• example of a consumer

Who buys goods or services?

• Producers 
• consumers 

Jobs that people do for others?

• Resource
• Services
• Producers 

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

• Supply
• Demand
• Saver
• Spender

What happens to the price of objects when the demand for them decreases?

• The price will go down
• The price will go up
• The price will stay the same
• They will be free

Physical items that you can touch and see are called:

• Goods
• Needs
• Services
• Wants

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

• The price will decrease
• The price will increase
• The price will stay the same.
• They will be free.