Unit 9- Choices in a Free Market

The total amount of a good or service that is available to buy is called

• Demand

• Incentive

• Profit

• Supply

A(n) _____ is something that leads a person to make a certain choice

• Demand

• Incentive

• Profit

• Supply

The total amount of a good or service that customers will buy at all prices is called

• Demand

• Incentive

• Profit

• Supply

The amount of money earned by a business after costs are removed is called

• Demand

• Incentive

• Profit

• Supply

Which of the following people is earning money by providing a service?

• Anthony grows fruit to sell

• Carl sells lemonade he makes

• Marie teaches a third grade class

Which of the following will INCREASE the PROFIT at a lemonade stand?

• using cheaper lemons

• using more ingridients

• giving glasses away for free

Tags

NGSS.MS-ETS1-4

At Georgia's fruit stand, she sells apples. The ____ of apples is how many she has to sell

• Demand

• Seller

• Supply

A new toy becomes very popular and many people want it. How will the price of the toy change?

• Price will go up

• Price will go down

A new bakery moves into the neighborhood. Now there are more cookies that people can buy. How will the price of cookies change?

• Price will go up

• Price will go down

Cold weather in Florida kills many trees that grow oranges. How will the price of oranges change?

• Price will go up

• Price will go down