Lesson 9

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

• supply

• demand

• incentive

• profit

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

• profit

• incentive

• demand

• supply

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

• incentive

• supply

• demand

• profit

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

• profit

• supply

• demand

• incentive

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?

• selling during rainy weather

• selling during cold weather

• giving glasses away for free

• using cheaper lemons

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

• buyer

• demand

• supply

• seller

Which of the following is the main goal of a charity?

• work on television shows

• give money to people in need

• make billions of dollars in profit

• create computer programs to sell

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

• the price will go up

• the price will go down

Ryan sells hot chocolate during the winter. But this winter has been very warm. How will the price of the hot chocolate change?

• The price will go up

• the price will go down