Economics Vocabulary

Two terms to be _________________ immediately are the economy and economics.

• introduces

• introduced

• introducted

• none of the answers

Which vocabulary word matches this definition: "the desire of customers to buy or use something"

• consumer

• supply

• demand

• service

But goods and services don't fall from the sky,
The amount available for sale, that's called ​ (a)  

• supply

• price

• consumer

The store decided to ​ (a)  

the price of beef because it was in great demand.

• services

• supply

• raise

• lower

There is growing ​ (a)   for ice cream in the summer as it gets hotter.

• service

• supply

• demand

When people work for others, it's called a ​ (a)   . Like, a doctor or bus driver for instance.

• consumer

• supply

• service

• good

You're a ​ (a)   ; you like to buy things
Like, video games, sneakers and ice cream.

• consumer

• supply

• good

• service

The candy is harder to find.
Now, you're willing to pay more, so the store can​ (a)   the price.

• supply

• good

• lower

• raise

The ​ (a)   of this dragonfruit is five dollars.

• supply

• consumer

• lower

• price

These things people make or grow,
They're called ​ (a)   , a term that you need to know.

• goods

• services

• consumers