Economics

Something you have to have in order to survive

• need

• want

Something you would like to buy, but can live without

• need

• want

If you don't have enough money, you have to

• save

• spend

If you have enough money and want to buy something you will _______

• save

• spend

A new phone is coming out just in time for Christmas. The demand is high, so the price will

• increase

• decrease

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

• high

• low

There were too many games made. The store decided to _____ the price because there wasn't much demand.

• increase

• decrease

I want to buy a coffee for $5.50. I have $2.75. Do I need to save or spend?

• save

• spend

I need to buy milk, bread, and cheese at the store. Is this a need or want?

• need

• want

I went to the store and bought Skittles, Legos, and bubbles. Are these needs or wants?

• needs

• wants