Supply and Demand

What happens to the price of ice cream if everyone wants it but there’s not enough for everyone?

• It stays the same

• It goes down

• It goes up

• It disappears

If there are too many apples at the store and not enough people buying them, what will happen to the price?

• It goes up

• It goes down

• It stays the same

• It becomes free

Why do stores put toys on sale when they have too many left over?

• To make more space

• To make toys more expensive

• To keep the toys forever

• To confuse customers

If a new video game becomes super popular and everyone wants it, how will that affect the price?

• The price will drop

• The price will stay the same

• The price will go up

• The game will disappear

Can you think of something people need more of in the winter than in the summer? How does that affect supply and demand?

• People want less of it, so prices go up

• People want more of it, so prices may go up

• No one buys it, so it gets expensive

• It has no effect

If a farmer grows a lot of pumpkins but people don’t want to buy pumpkins, what might happen?

• The pumpkins get more expensive

• The pumpkins are given away for free

• The price of pumpkins goes down

• Farmers grow more pumpkins

What do you think happens to the price of swimsuits when summer ends? Why?

• The price goes up because it's cold

• The price stays the same

• The price goes down because fewer people want them

• The price goes up because they are rare

Imagine there’s a new type of candy that everyone loves, but only a few stores sell it. What happens to the price?

• The price goes up

• The price stays the same

• The price goes down

• The candy becomes free

If nobody wants a certain toy anymore, even though there are still many in the store, what should the store do?

• Raise the price

• Lower the price

• Hide the toys

• Give them to the employees

Why might a store run out of umbrellas when it starts raining a lot?

• People don’t like umbrellas

• The supply can’t keep up with the high demand

• Umbrellas melt in the rain

• Stores stop selling umbrellas