Supply and Demand

The person who makes a product is called a

• producer

• consumer

The person who buys a product is called a

• producer

• consumer

Something someone buys is a

• consumer

• product

The price of something is how much it

• makes

• costs

the _______ is how much of something a person has.

• supply

• demand

The _______ is how much of something people want.

• supply

• demand

When supply INCREASES and demand DECREASES price goes

• up

• down

when supply DECREASES and demand INCREASES prices go

• up

• down

an item that people want to have has a demand that is

• high

• low

An item that you have a lot of supply of is ____ demand?

• high

• low