Show:
Consumers and Producers
Goods and Services
Supply, Demand, and Scarcity
Marketing Strategies
100


Jordan purchases a new water bottle at a sporting goods store. What role is Jordan playing in the marketplace?



Consumer

100

You purchase a water bottle from a store. Is the water bottle a good or a service?

Good

100

A store has 50 copies of a popular video game, but 200 customers want one. Is supply greater than or less than demand?

What is supply is less than demand?

100

To sell a item that isnt selling, a business will offer a _____.


Daily Triple

Discount

200

A company designs and manufactures backpacks that are sold in stores. What role does the company play?

What is a producer?

200

You pay someone to fix a flat tire on your bicycle. Are you paying for a good or a service?

Daily DOUBLE

Service

200

A store has hundreds of umbrellas available, but very few people want to buy one because the weather has been dry. Is demand high or low?

What is low demand?

200

A commercial will sometimes have a customer give a ____ to influence the buyer. 

Review

300

A student buys a pair of headphones online and uses them at home. Is the student a consumer or producer?

Consumer

300

Which one is a good: a haircut, a laptop, or a dog-walking appointment?

Laptop

300

A store has a large number of last year's phone cases that customers no longer want. What might the store do to encourage people to buy them?

What is lower the price?

300

Ads that state "ONE DAY ONLY" is an example of what marketing strategy.

Limited Time

400

A local business creates and sells custom T-shirts to customers. Is the business acting as a consumer or producer?

Producer

400


A student pays a tutor to help them understand math. What is the student purchasing?


Daily Double

Service

400

A limited-edition product becomes extremely popular. There aren't enough products for everyone who wants one. What is happening to supply and demand?

What is demand is greater than supply?

400

If a company will only release a small amount of a product. What term represents this idea. 

Limited Supply 

500
Harold decides to wear a pair of New Balance sneakers on the first day of school. He then goes to Walmart to purchase a folder for his science class. Who is the producer for what Harold is wearing on his feet. 

New Balance

500

A customer buys a pair of shoes and also pays a company to deliver the shoes to their home. Identify the good and the service.

What is the shoes (good) and delivery (service)?

500

A popular concert has 1,000 tickets available, but 5,000 people want tickets. What economic concept does this demonstrate?

What is scarcity?

500

If a company offers free shipping if you spend $100 or more. This encourages the customer to do what?

Spend more money.