supply and demand 2

Tom has a large supply of apples on his farm. If he sells apples for 1 dollar a price, should he raise the cost of his apples or lower the price to sell more?

Walmart has a shortage of oranges. The manager doesn't know what to do. Should they raise the price or lower the price?

Jeff wants to buy new shoes. There is only ONE pair of shoes left in the style he wants. He notices the price is different from last week. The store probably:

What happens to the price when you don’t have enough of something people want to buy?

What happens to the price when you have more of something than people want to buy?

After a hurricane, residents of Tulum can’t drink the water. The demand for bottled water increases. What happens to the price of bottled water?

In 1940, scientists invented a new form of synthetic, or artificial, rubber. It made the price of rubber tires go down. What happened to the overall demand of rubber tires after 1940?

Beyonce is coming back to New Orleans, and the tickets are in high demand, but the supply is limited. What happens to the price?