Supply and Demand

Front

It's December in Michigan and many people need snow boots. There are not many boots available in stores. The supply for boots is ____?____.

Back

Low

Front

It's December in Michigan and many people need snow boots. There are not many boots available in stores. The demand for boots is ____?____.

Back

High

Front

What was scarce when a new restaurant opened in town with a long line of people waiting to be seated?

Back

Seats

Front

What is scarcity?

Back

When there is not enough of something.

Front

What is Supply?

Back

the amount of a good or service that is available.

Front

What is Demand?

Back

How much people want the good or service.

Front

Our school is having a Bake Sale. There are plenty of cookies but the cupcakes are almost gone. What is scarce?

Back

Cupcakes

Front

When summer comes it gets much hotter outside. During hot weather, the DEMAND for jackets would be __?__.

Back

Low

Front

When you have a lot of an item, the SUPPLY is __?__.

Back

High

Front

When a lot of people want an item, the DEMAND is __?__.

Back

High