1SoS | Practice: Economics Vocabulary

But goods and services don't fall from the sky,
The amount available for sale, that's called ​ (a)  

• supply
• price
• consumer

Which word best matches the image?

• demand

• raise

• lower

These things people make or grow,
They're called ​ (a)   , a term that you need to know.

• goods
• services
• consumers

Which word best matches the image?

• service

• supply

• expensive

The market had all kinds of, ​ (a)   for sale, including fruit, toys and furniture.

• services
• prices
• goods

Which vocabulary word matches this definition:

"the desire of customers to buy or use something"

• consumer

• supply

• demand

• service

The store decided to ​ (a)  

the price of beef because it was in great demand.

• services
• supply
• raise
• lower

Which vocabulary word matches this definition:

"possible to get, buy or use"

• available

• supply

• lower

• expensive

There is growing ​ (a)   for ice cream in the summer as it gets hotter.

• service
• supply
• demand

Cheap is the antonym of (a)   .