When the two lines of Supply and Demand intersect on a graph. The meeting point is called the ___

6. If a business owner accidentally received a shipment with a double order of strawberries, what would the business owner do to the price of the strawberries to try and sell them all before they go bad?

1. The two factors that determine WHAT will be produced for consumers are __

The amount of a good or service producers are willing and able to sell at a certain price is called

5. The amount of money exchanged for a good or service is called PRICE? Does supply and demand help determine PRICE?

Jigsaw Puzzles are in great demand these days. There is also a limited supply. If a business has some in stock, what will they probably do to the price?

The amount of a good or service that consumers are willing and able to buy at a certain price.

Every year on Black Friday (the day after Thanksgiving) businesses have extremely low prices on certain items. Why would a business do this?

What term is used to describe people who SELL goods and services?

What term is used to describe people who BUY and USE goods and services?