Supply and Demand

For the economy to be successful businesses need to sell and shopers must be willing to spend their____________.

• savings

• money

• business

• goods

Demand is how much of a good or service people want to buy.

• True

• False

Shella sells t-shirts that she paints. She just painted lots of shirts and has many available for sale. But it's winter and cold. Not many people want t-shirts. What would be the best thing for Shella todo to get people to buy them?

• She shouldn't change the price of the t-shirt.

• She should raise the price of the t-shirt.

• She should lower the price of the t-shirt.

Lucas fixes his friend's sink. He is providing a_____________.

• trade

• opportunity cost

• product

• service

Supply and demand work hand in hand to raise and______________the price of things.

• raise

• lower

• consumer

• price

You are a __________;you buy things like video games and sneakers.

• price

• consumer

• goods

• services

Things that people make or grow are called_____________.

• goods

• services

• consumers

• price

When people work for others; it is called a_______________, like a doctor or bus driver.

• goods

• consumer

• price

• service

Supply and demand work together in a market____________.

• planet

• society

• economy

Which group of people are mosted interested in demand?

• store owners

• consumers

• children

• mothers