supply and demand

This part of the market determines SUPPLY

• buyers
• sellers
• consumers
• us

This part of the market determines DEMAND

• buyers
• sellers
• suppliers
• store owners

Amazon Prime is selling Smencils.  There are only a few packs left and they are very popular.  What will happen to the price?

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

Tags

CCSS.HSF-LE.A.1B

The amount of goods or services available is called?

• supply
• demand
• producer
• consumer

Which of these is neither a good nor a service?

• A gallon of gasoline
• A piano lesson
• A meal at a restaurant
• A $20 bill

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

• trade
• opportunity cost
• product
• service

Physical items that you can touch and see are called:

• Goods
• Needs
• Services
• Wants

a person or company that makes, grows, or supplies goods to sell is called the?

• damand
• price
• producer
• shortage

The desire or willingness a consumer has to purchase a good or a service is called?

• shortage
• supply
• price
• demand

When supply and demand intersect on the graph is called?

• demand curve
• equilibrium
• elasticity
• supply curve