EcoNO she DIDN'T! mics

What is supply?

• How much of a resource is available.

• The people who make products.

• How badly someone wants or needs something.

If the demand is high but the supply is low, what might happen?

• People won't get what they want or need.

• People will have too much to choose from.

• Companies will go out of business.

What is scarcity?

• Having too many resources.

• Not sharing your resources.

• Not having enough of a resource.

What does price mean?

• How much something costs.

• How often someone buys something.

• Where to buy resources.

If the price of an item is too high the demand will go down.

• true

• false

What is a consumer?

• Someone who purchases a good or service.

• Someone who offers a good or service.

• How much of a resource is available.

Why is water an important resource?

• It helps keep plants, animals, and people alive.

• It is not important.

• It could disappear any day.

Tags

NGSS.MS-ESS2-4

NGSS.MS-ESS3-1

NGSS.MS-LS2-3

Which of these is an example of a want?

• Nintendo Switch

• Water

• Food

• Shelter

What does demand mean?

• Nobody wants a product.

• Everybody wants a product.

• Whether or not a product is needed or wanted.

• To insist on something.

Which of these is NOT an example of a producer?

• Chef

• Teacher

• Nurse

• Books