Supply and Demand Quiz

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.

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

You are a (a)   ; you buy things like video games and sneakers.

Things that people make or grow are called (a)   .

Supply and demand work hand in hand to raise and ___________ the price of things.

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

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

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

A restaurant makes special hamburger. Everyone loves the hamburger and wants to order it. Every night the restaurant runs out of hamburgers after only an hour. What will most likely happen to the price of the burger?