Supply and Demand

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.

Lucas fixes his friend's sink. He is providing a _____________.

When the supply of a good is low, and demand is high, what ususally happens to the price of the good?

This year, a pest destroyed a lot of corn crops. Corn didn't grow very well. So, farmers don't have much to sell. A lot of people want corn, and it's hard to find. what will most likely happen to the price of corn?

The PS5 game just came out. As a result, not many people want to buy the old version. Stores still have a lot of copies of the old version for sale. What will most likely happen to the price of the old version?

Which group of people are most interested in demand?

Supply and demand work together in a market___________.

For the economy to be successful business need to sell and shoppers mut be willing to spend their

___________.

The point where supply and demand are balanced is?

Ms. Daley's class has 10 sharpened pencils. There are 21 students that need a pencil. What is the supply and demand situation?