Supply Side
What happens to the amount of a product supplied when its price goes up?
what is Producers will make more of the product because they can make more money!
What happens to the demand for ice cream when it’s a hot day?
What is Demand goes up because people want to cool off
What’s the name of the point where supply and demand meet?
What is Market equilibrium?
If there’s a snowstorm and people can’t go to stores, what happens to demand for online shopping?
What is Demand goes up for online shopping?
What happens when prices are too high and people don’t buy the product?
What is There’s a surplus?
What is a factor that can decrease supply?
what is If a factory has a power outage and can’t produce, supply goes down!
What happens to demand for a concert ticket if the artist is super famous?
What is Demand goes up because more people want to go?
If there’s too much of a product and no one is buying it, what happens to the price?
What is the price goes down to sell the extra products?
What happens to supply of bananas if a disease wipes out banana trees?
What is Supply goes down, and prices could rise?
What happens when prices are too low and producers can’t make enough money to cover costs?
What is There’s a shortage of supply?
What happens when a new technology helps produce a product faster?
What is Supply goes up because it’s easier and cheaper to make the product!
If a new phone comes out with awesome features, what happens to demand for the old phone?
What is Demand for the old phone goes down because people want the new one?
What’s it called when demand is greater than supply?
What is a shortage, You’ll see prices go up?
If a new law makes it easier to produce electric cars, what happens to supply?
What is Supply goes up because it’s cheaper to make electric cars?
If the price of candy increases, what might happen to the quantity demanded?
What is The quantity demanded would decrease because fewer people want to buy it?
What might happen if the government puts a tax on candy?
What is The price of candy goes up, and less candy is made, supply goes down.
What happens to demand for video games when everyone starts talking about them?
What is Demand goes up because more people want to buy them?
What happens when supply exceeds demand?
What is there’s a surplus, and prices might drop?
What happens to demand for vacation flights if a new airline offers huge discounts?
What is Demand goes up because people want to take advantage of the discount?
If the price of gas goes up, what might happen to demand for cars that use less gas?
What is Demand for those cars would go up?
If workers in a factory go on strike, what happens to supply?
What is Supply decreases because the workers aren’t making the product.
What happens to the demand for a product if people expect the price to drop soon?
What is People might wait to buy it, so current demand goes down?
What can cause a market to go out of balance, like a sudden shortage or surplus?
What is Something unexpected, like a natural disaster or a new law?
What would happen to supply and demand for candy if the government put a tax on sugar?
Supply would decrease, and demand might decrease because candy prices go up?
If the price of smartphones drops, what might happen to demand for old models?
What is Demand for the old models that could go down as people want the new ones?