
Supply and Demand
Presentation
•
Social Studies
•
2nd Grade
•
Medium
Cherisia McPherson
Used 552+ times
FREE Resource
5 Slides • 7 Questions
1
Supply and Demand
What are supply and demand?
2
3
4
Multiple Choice
Things that you can buy or sell are called:
Goods
Needs
Services
Wants
5
Multiple Choice
6
Multiple Choice
7
Multiple Choice
8
Supply
If the supply of goods and is more than the demand, the prices will go down or decrease
If the supply is lower than the demand, the prices will increase or rise
9
Demand
When the demand is greater or more than the supply the prices will increase.
When the demand is less than supply, the prices for goods and services will decrease or go down.
10
Multiple Choice
11
Multiple Choice
When the demand for a product or service is higher than the supply this causes what?
shortage
consumer
surplus
equilibrium
12
Multiple Choice
Farmers in California have had wonderful weather. They have produced the largest crop of watermelons in years. What will happen to the price of watermelons?
The price will go up.
The price will go down.
Supply and Demand
What are supply and demand?
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