Supply and Demand Review

Question 1

Target has a brand new tv that now one has seen before. The price will be _______________.

Accepted Answer

higher

Question 2

You make cookies for your class. You are a __________________

Accepted Answer

producer

Question 3

Which will be in high demand in winter?

Accepted Answer

coats

Question 4

It is almost Easter. Which item will be in high demand?

Accepted Answer

Easter candy

Question 5

If it is raining the demand for raincoats will be

Accepted Answer

high

Question 6

When the demand for a good is low, the supply is _______________

Accepted Answer

high

Question 7

Johnny paid the man at the register $3 for a candy bar. How did he get the good he wanted?

Accepted Answer

paying money

Question 8

If it is warm and sunny the demand for heavy coats will be _____________

Accepted Answer

low

Question 9

When the demand for a good is high, the supply is

Accepted Answer

low

Question 10

Kate traded her pudding for Jackson's brownie. How did Kate get the goods she wanted?

Accepted Answer

bartering

Questions 10