stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Supply and Demand Review Flashcards | StudBud
Explore
/
Supply and Demand Review
Supply and Demand Review
10 terms
·
StudBud Administration
·
558 plays
Discussion Based Assessment
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
Would a snow shovel be an important good to our community in the summer?
I don't know.
Yes
No
2
A person who buys or uses things is a _____________________.
consumer
scarcity
income
goods
3
When there is not enough of a resource then we say there is a ______________.
producer
goods
scarcity
consumer
4
The word "available" means there is ENOUGH of a resource to meet the demand.
True
False
5
What do you call activities that people do to help other people?
products
supply
services
goods
6
What good would be in high demand in the summer?
umbrellas
sprinklers
sleds
snow boots
7
You go to 5 stores to buy a video game but they're sold out. Which statement is true?
Demand is low.
Demand is high.
Supply is high.
I should have known.
8
Which one of these can affect demand?
bus drivers
pets
firefighters
weather
9
If a resource becomes scarce the price for the resource will most likely what?
it will be FREE!
decrease
increase
stay the same
10
Which of these is the amount of money you pay to buy something?
low
supply
price
demand
