BrainPop: Supply and Demand

Producers are people that make or grow goods to sell.

 

Consumers are customers. They buy the products.

• True

• False

What is supply?

• The amount of something available to consumers. 

   

   

• The amount of something available to producers.

What is the supply in this video?

• super robots

• dolls

• food

What is demand?

• How much consumers want something.

• How much producers want something.

When the demand of Super Robots is high, what happens to the amount of its supply?

• It increases (there is more supply)

• It decreases (there is less supply)

• It stays the same

What happens to the price of an item when the demand goes up?

• It increases- costs more

• It decreases- cost less

• Stays the same

The price of an item can go down if the demand of the item also goes down.

• True

• False

What happens when the demand is low ?

• The price goes down- costs less

• The price goes up- costs more

• Nothing

Why did Moby lower the price of his pictures?

• Because the demand is low 

• Because the demand is high

Did the demand of Moby's pictures go up after he lowered the price to free?

• Yes

• No