Shortage and Surplus

Define Shortage

• more people want an item than is available for purchase

• more items available for sale than people want to purchase

Define Surplus

• more items available for sale than people want to purchase

• more people want an item than is available for purchase

• SHORTAGE

• SURPLUS

• SHORTAGE

• SURPLUS

• SHORTAGE

• SURPLUS

• SHORTAGE

• SURPLUS

• SHORTAGE

• SURPLUS

If the store has 100 packs of toilet paper and 200 people want to buy it, is it a shortage or surplus?

• shortage

• surplus

If there is 50 donuts made and 40 people buy them, will there be a shortage or a surplus?

• shortage

• surplus

If there is 1,000 halloween costumes at the store and 800 people want to buy a costume is there a shortage or surplus of costumes?

• shortage

• surplus