SS U3W5 12/9 We-do Thursday

(Choose Two)

You want to buy a toy at the store, this is an example of _________________.

• supply

• demand

• goods

• services

Supply is something that someone _________________.

• wants

• has

• needs

• likes

When many people want a good or service the demand is _____________.

• high

• low

• normal

• zero

A demand is something you __________.

• need

• want

• like

• sell

Demand is ___________ when few people want a good or service.

• zero

• high

• low

• middle

What is something that is a good that is in LOW demand in the summer?

• Ice Skates

• Surfboard

• Sunscreen

• Sandals

What is a service that would be in LOW demand in the summer?

• Lifeguard

• Gardener

• Street Sweeper

• Snow Plower

What is a good that is in HIGH demand in the summer?

• snow boots

• coat

• sunscreen

• gloves

What service would be HIGH in the summer?

• policeman

• Ice cream truck

• snow removal

• mechanic

Scarcity means:

• Too much of something you wanted

• The exact amount of something you wanted

• Not enough of something you wanted