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Which of these is neither a good nor a service?

• A gallon of gasoline
• A piano lesson
• A meal at a restaurant
• A $20 bill

The amount of goods or services available is called?

• supply
• demand
• producer
• consumer

Which of these is neither a good nor a service?

• A gallon of gasoline
• A piano lesson
• A meal at a restaurant
• A $20 bill

The amount of goods or services available is called?

• supply
• demand
• producer
• consumer

In general, if the price of a good or service goes down, what happens to the demand for that good or service?

• demand goes up
• demand stays the same
• demand goes down
• none of the above

Amazon Prime is selling Smencils.  There are only a few packs left and they are very popular.  What will happen to the price?

• The price will go up.
• The price will go down.

What a business has left after all the bills have been paid?

• supplies
• taxes
• profit
• debt

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

• trade
• opportunity cost
• product
• service

Physical items that you can touch and see are called:

• Goods
• Needs
• Services
• Wants

a person or company that makes, grows, or supplies goods to sell is called the?

• damand
• price
• producer
• shortage