Supply and Demand

Front

What are the earnings a business has left after all its expenses have been paid?

Back

Profit

Front

According to this table, what will happen if the price of a slice of pizza decreases from $2.50 to $1.00?

Back

There will not be enough pizza produced.

Front

Which term best describes the message on this poster? Options: Insurance, Deposit, Investment, Guarantee

Back

Guarantee

Front

Which economic factor has most likely determined the price in this picture?
Options: Demand, Scarcity, Capital, Consumption

Back

Demand

Front

A discount is a form of...

Back

incentive.

Front

What is one way to lower the cost of production?

Back

Create new technologies

Front

____ and ____ are two forces that determine the price of a good or service.

Back

Supply and demand

Front

The perfect price is where supply and demand intersect called the _____.

Back

equilibrium price.

Front

____ is when a business' expenses are more than its revenues.

Back

Loss

Front

When the supply of a product increases, the price goes ____.

Back

down.