Supply and Demand

Front

It's December in Michigan and many people need snow boots. There are not many boots available in stores. The supply for boots is ____?____.

Back

Low

Front

It's December in Michigan and many people need snow boots. There are not many boots available in stores. The demand for boots is ____?____.

Back

High

Front

What was scarce when a new restaurant opened in town with a long line of people waiting to be seated?

Back

Seats

Front

What is scarcity?

Back

When there is not enough of something.

Front

Supply

Back

the amount of a good or service that is available.

Front

Demand

Back

How much people want the good or service.

Front

What is scarce in the school Bake Sale? Options: Cookies, Cupcakes, Shoppers.

Back

Cupcakes

Front

When summer comes it gets much hotter outside. During hot weather, the DEMAND for jackets would be __?__.

Back

Low

Front

When you have a lot of an item, the SUPPLY is __?__.

Back

High

Front

When a lot of people want an item, the DEMAND is __?__.

Back

High