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Supply and Demand for Middle School Flashcards | StudBud
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Supply and Demand for Middle School
Supply and Demand for Middle School
8 terms
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StudBud Administration
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A #blind Quiz to introduce #vocabulary associated with #supply and #demand
Flashcards
8 cards
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Practice quiz
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Questions
8
Answers
1
When the quantity of good supplies is LESS than what is demanded or desired by consumers
supply
surplus
shortage
shifter
2
A person or company that makes, grows, or supplies goods to sell
producer
supply
shifter
consumer
3
The desire or willingness a consumer has to purchase a good or service.
producer
shortage
demand
equilibrium
4
Factors that change or shift the supply or demand
shifter
surplus
demand
consumer
5
The point where supply and demand are balanced
equilibrium
producer
shifter
surplus
6
The amount of goods or services that is avaliable to sell
shifter
equilibrium
supply
shortage
7
An individual or group who purchases goods
surplus
consumer
supply
shortage
8
When the quantity of goods supplied is HIGHER than the quantities that are demanded
shortage
surplus
producer
demand
