Supply and Demand

the _______ is how much of something a person has.

• supply

• demand

The person who buys a product is called a

• producer

• consumer

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.

How much people want something

• supply
• demand

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 making, buying and selling of goods and services

• economics
• inflation
• market
• barter

The person who makes a product is called a

• producer

• consumer

The _______ is how much of something people want.

• supply

• demand

______ are goods sent OUT to other countries.

• Imports

• Exports

A discount is a form of...

• incentive.

• resource.

• capital.

• consumption.