Economics Review

What does a baby sitter provide ?

• good

• service

What does a coach provide?

• good

• service

If you go to the mall to buy the new Fortnite game what are you?

• good

• service

• consumer

• producer

If you made cookies and sell them at school what are you ?

• good

• service

• producer

• consumer

What do we call when people want to buy a product?

• supply

• demand

• producer

• consumer

What do we call all the products already in the store?

• supply

• demand

• producer

• consumer

It is winter in the Austin, which means very cold

temperatures and snow.The demand for ice

cream will probably

• increase

• decrease

• stay the same

Target has a large supply of winter coats in March. What will happen to the price of the coats?

• increase

• decrease

• stay the same

Many kids want a hover board for Christmas, but the

supply is running low as Christmas nears. Since many people want one, the price of hover boards will

• increase

• decrease

• stay the same

Tina’s Bakery made too many cookies, so they

want to get rid of some of their cookie supply.

Tina’s Bakery should__________ the price of

cookie to sell them faster.

• increase

• decrease