scarcity

Scarcity means:

• Too much of something you wanted

• The exact amount of something you wanted

• Not enough of something you wanted

Not having enough of something is called _________.

• choices
• benefit
• opportunity cost
• scarcity

Every time we go shopping we make _______.

• choices
• money
• products

(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 consumer is someone who ______________.

• buys something

• sells something

• trades something

• steals something

A demand is something you __________.

• need

• want

• like

• sell

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