Supply, Demand, & Scarcity

The amount of goods you have is your ___.

• scarcity

• supply

• demand

The amount of people who want to buy goods is called the ___.

• scarcity

• supply

• demand

When there is not enough of the supply to meet the demand is called ___.

• scarcity

• supply

• demand

At H-E-B there are 400 apples in the produce section. At the end of the day 84 apples were sold.

What is the supply of the apples?

• High Supply

• Low Supply

At H-E-B there are 400 apples in the produce section. At the end of the day 84 apples were sold.

What is the demand of the apples?

• Low Demand

• High Demand

There are 12 laptops, but 22 students want to use them.

What is the supply of the laptops?

• High Supply

• Low Supply

There are 12 laptops, but 22 students want to use them.

What is the demand of the laptops?

• Low Demand

• High Demand

On Monday, Academy set out 200 pool noodles to be sold. On Friday, they had 189 pool noodles still available.

What is the demand of the pool noodles?

• Low Demand

• High Demand

If the supply is high, but the demand is low business owners should ___ their price.

• increase

• decrease

If the supply is low, but the demand is high business owners should ___ their price.

• increase

• decrease