stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Supply and Demand (SS Ch 8) Flashcards | StudBud
Explore
/
Supply and Demand (SS Ch 8)
Supply and Demand (SS Ch 8)
10 terms
·
StudBud Administration
·
211 plays
#social studies review of #supply and #demand for #3rd grade
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
Definition of demand:
Amount of a good that is available to buy
a present
amount of a good that customers will buy at a certain price
items that can be bought or sold
2
If it is thunderstorming, when you try to sell lemonade will the demand go up or down?
stays the same
up
down
3
Supply ^ Demand v =
$ v
$ stays the same
$ ^
4
Everyone wants the new iPhone X, what happens to the supply?
stays the same
goes down
goes up
5
iPhone 8's supply is going up, what is happening to the demand?
staying the same
going down
going up
6
Everyone wants the new iPhone X, what happens to the demand?
stays the same
goes down
goes up
7
What is an economy?
a community of businesses
a job
a place to buy food
a movie
8
Everyone wants the new iPhone X and not the iPhone 8, what is happening to the 8 supply?
staying the same
going down
going up
9
Definition of supply:
a place where buyers and sells go
items that can be bought or sold
a community of businesses
the total amount of a good that is available to buy
10
If the weather is nice, will the price of lemonade go up or down?
weather doesn't effect the price
down
up
