#22Q Supply and Demand

Front

Due to the special 100th year anniversary of Williamsburg High School, people will be attending Williamsburg Homecoming in record numbers. Market: dresses in Eastgate

Back

Demand Up

Front

Price of ground beef skyrockets. Market: Hamburger buns

Back

Demand Down

Front

High levels of mercury found in canned tuna. Market: canned tuna. Hint: Mercury in food is undesirable (bad). What happens to demand?

Back

Demand Down

Front

Price of BMW's drops. What will happen to the demand of another expensive car, Mercedes?

Back

Demand Down

Front

People return to Houston, one year after Hurricane Irma. What will happen to the demand of apartments?

Back

Demand Up

Front

Ford announces layoffs in Detroit. Market: the new iPhone in Detroit

Back

Demand Down

Front

Drought hits peanut crop in Georgia. Market: peanut butter. What happens to supply?

Back

Supply Down

Front

New machinery smashes peanuts twice as fast. Market: peanut butter

Back

Supply Up

Front

The amount of goods or services available is called?

Back

supply

Front

What happens to the demand for a good or service if its price goes down?

Back

Demand goes up.