Supply and Demand

How much people want something

• supply
• demand

The making, buying and selling of goods and services

• economics
• inflation
• market
• barter

A person who buys goods and services

• consumer
• entrepreneur
• resource
• currency

Amazon Prime is selling Smencils.  There are only a few packs left and they are very popular.  What will happen to the price?

• The price will go up.
• The price will go down.

The week before Halloween, pumpkin patches all around the country sell lots of pumpkins. What will happen to the price of pumpkins on the day after Halloween?

• The price will go up.
• The price will go down.

The person who makes a product is called a

• producer

• consumer

The person who buys a product is called a

• producer

• consumer

the _______ is how much of something a person has.

• supply

• demand

The _______ is how much of something people want.

• supply

• demand

A discount is a form of...

• incentive.

• resource.

• capital.

• consumption.