supply and demand

The new Star Wars movie is coming out today!  All of the shows are sold out, but your neighbor is selling his tickets because he can't go.  A lot of people in your neighborhood want to buy the tickets.  What will happen to the price of the tickets?

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

What will happen to the price of new cars if a weak economy causes people to have lower incomes?

• The price will increase

• The price will decrease

What will happen to the price of corn if almost no rain falls on corn crops?

• The price will increase

• The price will decrease

Farmers in California have had wonderful weather. They have produced the largest crop of watermelons in years. What will happen to the price of watermelons?

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

What will happen to the price of teddy bears if puppy dogs become the most popular stuffed toy?

• The price will increase

• The price will decrease

What happens if you have a rare football trading card? Your friends really want that card. The supply of that card is low, while demand for it is high.  What will happen to the price of the card?

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

What will happen to the price of shoes if shoe producers have to pay higher wages to their workers?

• The price will increase

• The price will decrease

Cold weather in Florida has damaged this year’s orange crop. Farmers have only half of the usual amount of oranges to sell. What will happen to the price of oranges?

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

Millions of people see a famous sports star drinking apple juice on television. The fans think apple juice helps make the athlete strong. What will happen to the price of apple juice?

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

If there is a huge demand for an item and the supply is very low, what will happen to the price?

• The price will decrease
• The price will increase
• The price will stay the same.
• They will be free.