Trading for Goods and Services Lesson 5

To trade goods or services without using money.

• Trade

• Barter

• Demand

• Supply

The amount of people willing to buy something.

• Trade

• Barter

• Demand

• Supply

To buy, sell, or exchange goods and services with someone else. 

• Trade

• Barter

• Demand

• Supply

The amount of goods and services there is for sale.

• Trade

• Barter

• Demand

• Supply

If the supply rises and the demand falls, the price of the product will.........

• rise

• remain the same

• fall

If the supply falls and the demand rises, the price of the product will.........

• rise

• remain the same

• fall

Another word for buying is.........

• Import

• Export

Another word for selling is.........

• Import

• Export

If the price of goods and services increase, demand will..............

• rise

• fall

If there are many shops selling the same product, the price of the product will..........

• rise

• fall