Supply and Demand

It's December in Michigan and many people need snow boots. There are not many boots available in stores. The demand for boots is ____?____.

• Low

• High

It's December in Michigan and many people need snow boots. There are not many boots available in stores. The supply for boots is ____?____.

• Low

• High

Tags

CCSS.8.EE.B.5

What is Demand?

• When there is not enough of something.

• what you give up in order to get what you want most.

• the amount of a good or service that is available.

• How much people want the good or service.

When you have a lot of an item, the SUPPLY is __?__.

• High

• Low

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

When a lot of people want an item, the DEMAND is __?__.

• High

• Low

Tags

CCSS.HSF.LE.B.5

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

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

Tags

CCSS.HSF-LE.A.1B

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.