Supply and Demand

A washing machine and dryer are examples of ________.

What happens in the market for airline travel when the price of traveling goes down?

Gasoline and cleaning supplies are examples of_______?

If a company releases only 100 of their new car model, what would you expect to happen?

If the cost of making bicycles goes down, then the supply will likely_______

If a manufacturer produces a surplus of perfume, then the price of the perfume will decrease.

Furniture, such as a kitchen table and chairs, are examples of_________.

The study of how people make choices to get the things they need and want is ___________.

A popular shoe company makes limited versions of a high hill shoe, so the price of the show will likely be high.

Which jobs are examples of services providers?

The amount sellers are willing and able to sell at various prices is called_____?

Kayla got her haircut at Bella Luna Salon. She paid $36. Did Kayla pay for a good or a service?

A consumer is a person who buys and uses things.

Food and clothing are examples of ___________?

Manufacturers create only what consumers need.

Goods that get used or replaced often are called_________?

If there is too much of a supply, there is a __________?

Nike is about to release their newest Nike Jordan's. What will likely happen to the old version of the Nike Jordan's?

If there is not enough supplies, there is a __________?

What do you call someone who creates and supplies goods and services?