Supply and Demand

In the month of December, sunscreen goes on sale for 50% off the price it sells for in July. What is the supply & demand for sunscreen?

• The supply is high and the demand is low.

• The supply is low and the demand is high.

The video game “Extreme Racing 5” has just been released, and the older version “Extreme Racing 4” goes on sale. What is the supply & demand for “Extreme Racing 4?”

• The demand is high and supply is low.

• The demand is low and the supply is high.

During the Thanksgiving season, the price of turkey increases. What is the supply & demand for Turkey?

• The supply is high and the demand is low.

• The supply is low and the demand is high.

A store is running low on Valentine’s Day cards during the month of February. What is the supply & demand for Valentine’s Day cards?

• The supply is low and the demand is high.

• The supply is high and the demand is low.

The newest book in a very popular series has just been released, and your bookstore only receives a few copies. The price of the book increases. What is the supply & demand for the new book?

• The supply is high and the demand is low.

• The supply is low and the demand is high.