Economics Unit

A toy car is an example of a

• good

• service

• demand

• consumer

A chef is an example of

• goods

• consumer

• producer

• demand

A person buying groceries is an example of

• producer

• consumer

• supply

• deman

A skateboard is an example of a

• want

• need

• demand

• consumer

A firefighter is an example of a

• good

• demand

• service

• want

an ipad is an example of a

• consumer

• want

• need

• tax

What are some things taxes are paid for

• video games and sneakers

• schools, military, hospitals

If supply is high and demand is low, will the prices go up or down?

If supply is low and demand is high, will the prices go up or down?

a person who creates a good or does a service

• consumer

• producer

• tax

• supply