WorksheetsWhy Does Money Matter?
Total questions: 12
Worksheet time: 6mins
Much of our community's ______________ involved buying and selling.
income
bank
economy
consumers
Any place where buyers and sellers come together is called a _____________________.
economy
market
bank
grocery
_____________ sell goods or services.
supply
demand
producers
consumers
________________ buy goods or services.
supply
demand
producers
consumers
____________ is the amount of a product for sale.
supply
demand
producer
consumer
_______________ is how popular a product is, or how many people want to buy it.
supply
demand
producer
consumer
Farmers, firefighters, and doctors are all ___________who provide goods or services.
markets
consumers
producers
supply
When we buy a ticket to go to a baseball game, we are _____________.
players
consumers
producers
demand
If supply is high and demand is low, a producer could do this to make consumers want to buy it.
choose not to sell the product again
raise the price of the product
throw away the product
Put it on SALE!
When demand is high and supply is low, this often happens...
price is raised
price is lowered
people do not buy the product
bartering
A flood ruins the apple crops in Illinois, making the supply lower. What will happen to apple prices?
Prices stay the same.
Prices lower
Prices will raise
People will grow their own apples
Apple comes out with a BRAND new iPhone. What happens to the price of the older iPhone?
The price will stay the same.
The price will raise.
The price will lower.
No one will buy it.
