Supply and Demand

Front

How much people want something

Back

demand

Front

The making, buying and selling of goods and services

Back

economics

Front

Another word for money

Back

currency

Front

A person who buys goods and services

Back

consumer

Front

A general increase in prices

Back

inflation

Front

What will happen to the price of Smencils on Amazon Prime when there are only a few packs left and they are very popular?

Back

The price will go up.

Front

What will happen to the price of pumpkins on the day after Halloween?

Back

The price will go down.

Front

The amount of goods or services available is called? Options: supply, demand, producer, consumer

Back

supply

Front

Physical items that you can touch and see are called:

Back

Goods

Front

When the supply of a product or service goes up and the demand stays the same, the price will typically do what?

Back

fall