1) What is supply? a) The factor of how much people want something b) The factor of how much of a good a company has c) How much money a company made d) How much people learned something 2) What is demand? a) How much money a company made b) How much grandma wants something c) The factor of how much of a good a company has d) The factor of how much people want something 3) If supply increases, what will happen to the price? a) It will go up b) It will increase c) It will decrease d) It would stay the same 4) When a consumers want more of something, what is it called? a) Low Demand b) Low Supply c) High Demand d) High Supply 5) If demand increases, what will happen to the price? a) It will increase b) It will decrease c) It will become a grandma d) It will stay the same 6) What is one reason the price of a good will go up? a) Your grandma makes cookies b) You make an apple pie c) The demand goes up d) The supply goes up 7) What is profit? a) How much someone wants something b) How much something sells for c) How much money someone makes d) The creation of apple pie 8) How is profit calculated? a) How much people buy b) The cost of the goods minus the creation cost c) The supply d) The demand

Supply & Demand

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