Supply and Demand - Lemonade Stand

Demand for their lemonade today was...

• high

• low

Their supply of lemonade today was...

• high

• low

What is supply?

• how much the seller has

• how much the buyers want

• what the product is 

• the profit being made

Demand for their lemonade today was...

• high

• low

Today, the demand for their lemonade was...

• high

• low

Today their SUPPLY was...

• high

• low

When the price is too high, the demand for a product will be...

• high

• low

The competition of another concession stand caused the demand for their lemonade to...

• increase

• decrease

What is it called when the supply and demand are ballanced?

• Advertising

• Equilibrium

• Profit

• Lemonade

Which of the following was a natural resource they needed for their business?

• each other to work

• pitchers

• lemons

• customers to buy their product