Supply and Demand

If a girl has 1 sucker that she wants to sell, and a LOT of people want to buy it, what will she likely do?

• increase the price

• decrease the price

• keep it

If you make 100 copies of an item, but nobody wants to buy it, what will you have to do to the price?

• decrease it

• increase it

• nothing

Which of these words BEST describes how popular a good (or item) is?

• demand

• supply

• money

• jobs

The amount of goods or services available is called?

• supply
• demand
• producer
• consumer

If there is a huge demand for an item and the supply is very low, what will happen to the price?

• The price will decrease
• The price will increase
• The price will stay the same.
• They will be free.

What happens to the price of objects when the demand for them decreases?

• The price will go down
• The price will go up
• The price will stay the same
• They will be free

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 new Star Wars movie is coming out today!  All of the shows are sold out, but your neighbor is selling his tickets because he can't go.  A lot of people in your neighborhood want to buy the tickets.  What will happen to the price of the tickets?

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

Cold weather in Florida has damaged this year’s orange crop. Farmers have only half of the usual amount of oranges to sell. What will happen to the price of oranges?

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

Suppose you have a football trading card that everyone else has. Your friends probably won't give you much for it. The supply of that card is high, and the demand for it is low. What will happen to the price of that card.

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