Supply & Demand

When the newest version of the iPhone came out, the older version went on sale.

What is the supply of the older iPhone?

• Low

• High

When the newest version of the iPhone came out, the older version went on sale.

What is the demand for the older iPhone?

• Low

• High

During the Thanksgiving season, the price of turkey increases because everyone wants one for their Thanksgiving dinner. What is the supply of turkey?

• Low

• High

During the Thanksgiving season, the price of turkey increases because everyone wants one for their Thanksgiving dinner. What is the demand for turkeys?

• Low

• High

It's the day before Valentine's day. A store is running low on Valentine's cards. They raise the price of the cards.

The demand is:

• Low

• High

It's the day before Valentine's day. A store is running low on Valentine's cards. They raise the price of the cards.

The supply is:

• Low

• High

A shoe store is having a sale on all of last year's shoes. The demand for last year's shoes is:

• Low

• High

A shoe store is having a sale on all of last year's shoes. The supply of last year's shoes is:

• Low

• High

The newest version of the Animal Crossing video game has just been released. The demand will be:

• Low

• High

The newest version of the Animal Crossing video game has just been released. The supply will be:

• Low

• High