Chapter 13-Supply and Demand Review

Why might the price of a good increase?

A candy bar is a _____________.

What will most likely happen if the price of peanut butter decreases?

How much people want of a good or service is called the ________?

What will MOST likely happen if the price of popcorn decreases?

If a drought kills half of the soybean crop, what will happen to the price of soybeans?

What stops people from having all the goods they want?

What stops people from having all the goods they want?

The price of a good or service is determined by how much is available is called ________?

People who buy or use goods and services to satisfy their needs and wants are called ______________.