Gateway - Economics - Duplicate of Basic Econ (suppply and demand)

If there is a low demand for dried seaweed, then Donna's price for it will be ___.

In a market economy,...

When there is not enough supply, it is called a...

The total amount of a specific good or service that is available to consumers

In a traditional economy...

When demand increases and supply stays the same, there is a...

If there is a high demand for gum and Donna has a high supply, then the price will be ___

In a command economy, 

What do you call a person who starts a business?

When demand decreases and supply remains the same, there is a...

In a mixed economy,...

A consumer’s desire and willingness to pay a price for a specific good or service

When there is too much supply, there is a...

Competition is good because ____

Competition can be bad because...

If there is a low supply of ice cream bars and a high demand, then the price will be ___.