Supply and Demand

Front

What will happen to the price of watermelons if farmers in California have produced the largest crop in years?

Back

The price will go down.

Front

Cold weather in Florida has damaged this year’s orange crop. Farmers have only half of the usual amount of oranges to sell. What will happen to the price of oranges?

Back

The price will go up.

Front

What will happen to the price of apple juice if millions of people see a famous sports star drinking it on television and think it helps make the athlete strong?

Back

The price will go up.

Front

What will happen to the price of pumpkins on the day after Halloween?

Back

The price will go down.

Front

What happens if you have a rare football trading card? Your friends really want that card. The supply of that card is low, while demand for it is high. What will happen to the price of the card?

Back

The price will go up.

Front

What will happen to the price of the tickets for the new Star Wars movie if all shows are sold out and many people want to buy tickets?

Back

The price will go up.

Front

What will happen to the price of Smencils on Amazon Prime if there are only a few packs left and they are very popular?

Back

The price will go up.

Front

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

Back

service

Front

Someone who makes a product to sell is a ____________.

Back

producer

Front

Giving a haircut

Back

example of a service