Supply, Flow, & Consumer Rights

how much you pay for a good or service

The law of demand states that if the price of CD’s rise, consumers will

The law of supply states that if the price of CD’s rise, suppliers will

What happens to the market for gasoline as Americans revive their love of SUV’s and the newly remodeled, but still “gas guzzling” Hummer?

Due to a disappointing economy, Americans are cutting back on the family vacation road trips. What happens to the market for gasoline?

When the demand is high, and the supply is low the ________ of goods or services goes up.

When people work for others; it is called a_______________, like a doctor or bus driver.

What will happen to the price of corn if almost no rain falls on corn crops?

Which of the following do households provide businesses? Labor, Taxes, Goods and Services, Final Products

What is an example of a service the government might provide households? Options: Post Office, Dry Cleaner, Food Delivery, None of these