Supply
The different amounts of a good a seller is willing and able to sell
The different amount of goods a consumer is willing and able to buy
Which election season is currently approaching?
How old do you have to be to be registered to vote?
What are the Midterm elections? What is 18 Years old.
A new law in West Virginia is passed that lowers the cost of mining coal by allowing more strip mining in.
What is Subsidies & Taxes?
Jerry just lost his job and now must budget his money while receiving unemployment.
What is Income?
What happens to supply when there are less producers?
What is, there is less supply
What happens when there are few consumers for a good?
What is Price goes down to incentivize consumers to buy again.
What kind of economic system is the United States?
What is a mixed market economy?
What is the Free Enterprise System?
A milk producer wants to increase production of milk by investing in new milking equipment.
What is Technology?
This is the type of relationship between price and quantity supplied
What is Direct
This is the type of relationship between price and quantity demanded
What is Inverse/Opposite
What former GMC factory once produced 1,000,000 vehicles a year in the north-end of Flint?
What was Buick City?
The price of peanuts increases due to an outbreak of disease. The cost of peanut butter increases.
What is inputs/availability of resources
A major TikTok challenge using Crunch Bars goes viral
What is Tastes/Popularity?
How competition impacts supply
What is, benefits/increases supply
How competition affects demand
What is, increases prices as buyers compete with each other to acquire the good
What is the name of the megasite going in to Michigan in Saline Township?
What is the Saline Data Center project?
The price of oil is decreasing but OPEC signals they will be cutting production. Supplies should do what?
Save some oil now and expect to sell more - Expectations (of Future Profit)
What is Related Goods?
Supply is the different quantities of a good that sellers are willing and able to sell (produce) at different prices.
What is Demand?
Demand is the different quantities of goods that consumers are willing and able to buy at different prices.
Harig's Hardest Question: Which 2026 Michigan Primary Gubernatorial Candidate started their career and campaign in Flint, Michigan?
Who is Sheriff Swanson?
Two new ticket wholesale companies come out to compete with Walmart.
What is competition (number of sellers)?
A law is passed that bans all minors from College sporting events.
What is market size?