Supply & Demand

Front

Why are there no basketball tickets available for the Cavs game? Options: The arena forgot to print enough tickets., The supply of tickets was greater than the demand., The arena charged too much money for each ticket., The demand for tickets was greater than the supply.

Back

The demand for tickets was greater than the supply.

Front

A person or company that makes, grows, or supplies goods to sell is called the?

Back

producer

Front

The want or willingness a consumer has to purchase a good or a service is called?

Back

demand

Front

The amount of goods or services available for a producer to sell is called?

Back

supply

Front

An individual who purchases (buy) goods.

Back

consumer

Front

A drought has made this year's tomato harvest smaller than usual. What will probably happen to the overall supply of tomato sauce?

Back

The supply will probably go down

Front

Weather forecasters predict this summer will be much hotter than usual. What will probably happen to the demand for air conditioners?

Back

The demand will probably go up

Front

What will happen to the price of new cars if a weak economy causes people to have lower incomes?

Back

The price will decrease

Front

What will happen to the price of baby cribs if there is a large increase in the number of babies born?

Back

The price will increase

Front

What will happen to the price of soccer balls if more and more boys and girls are learning to play soccer?

Back

The price will increase