SUPPLY AND DEMAND

DEFINITONS

100

SUPPLY

SUPPLY HOW MUCH OF SOMETHING IS MADE 

200

DEMAND 

HOW MUCH PEOPLE WANT SOMETHING 

FILL IN THE BLANKS

100

When it is winter time and a lot of people are looking for jackets to buy it is a _____(HIGH or LOW) demand for them.

High

200

When the iPhone 12 comes out and everyone is trading in their iPhone 8 to get it. It is now a _____ (HIGH or LOW) demand for the iPhone 8.

LOW 

300

When a new toy comes out and not many people want it so there is a lot left over, this is a _____ (HIGH or LOW) supply. 

high 

400

When it is St.Patricks Day day and all of the green shirts are sold out on March 1st for the rest of March. There was a ______( HIGH or LOW) supply of shirts. 

Low 

500

Create your own scenario.

Answers may vary. 

SENERIOS

100

In the winter time when stores are having a sale to get rid of all of their summer clothes. 

Is this a high supply and low demand or low supply and high demand? 

high supply and low demand

200

Girls are going crazy over scrunchies, stores keep running out of them. 

Is this a high supply and low demand or low supply and high demand? 

low supply and high demand

300

A sports line just came out with some new cleats that they think will sell fast, they didn't so they bumped the price down to try and sell them. 

Is this a high supply and low demand or low supply and high demand? 

high supply and low demand

400

At Christmas time, a company creates a special type of ornaments that are Halloween themed. They sold really fast every time they would get a new shipment in. 

Is this a high supply and low demand or low supply and high demand? 

low supply and high demand

500

Create your own scenario.

Answers may vary.