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Supply is how much of a good or service is available to buy.
Demand is how much of a good or service people want to buy.
When the demand is high, and the supplyis low the ________of goods or services goes up.
You are a __________;you buy things like video games and sneakers.
Things that people make or grow are called_____________.
Supply and demand work hand in hand to raise and______________the price of things.
When people work for others; it is called a_______________, like a doctor or bus driver.
Lucas fixes his friend's sink. He is providing a_____________.
When the supply of a good is low, and demand is high, wahat usually happens to the price of the good?
It goes up
It goes down
It doesn't change
A restaurant makes special hamburger. Everyone loves the hamburger and wants to orer it. Every night the restaurant runs out of hamburgers after only and hour. What will most likely happen to the price of the burger?
The price of the hamburger will go up.
The price of the hamburger will go down.
The price of the hamburger will not change.
Shella sells t-shirts that she paints. She just painted lots of shirts and has many available for sale. But it's winter and cold. Not many people want t-shirts. What would be the best thing for Shella todo to get people to buy them?
She shouldn't change the price of the t-shirt.
She should raise the price of the t-shirt.
She should lower the price of the t-shirt.
Which group of people are mosted interested in demand?
Supply and demand work together in a market____________.
For the economy to be successful businesses need to sell and shopers must be willing to spend their____________.
Write two things you learned today about supply and demand.