Supply and Demand 3rd Grade

Front

Farmers in California have had wonderful weather. They have produced the largest crop of watermelons in years. What will happen to the price of watermelons?

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 happens to the price of a rare football trading card when the supply is low and demand is high?

Back

The price will go up.

Front

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

Back

service

Front

Giving a haircut

Back

example of a service

Front

The amount of a good or service that is available to consumers

Back

Supply

Front

Things that you can buy or sell are called:

Back

Goods

Front

If there is a huge demand for an item and the supply is very low, what will happen to the price?

Back

The price will increase

Front

What will happen to the price of cherries when supply is low and demand is high?

Back

The price will go up.

Front

Which word best describes how popular a good is? Options: demand, supply, money, jobs

Back

demand