Vocab
Supply
How much of something you have
When demand goes up, what happens to price?
Price goes up
What is cause?
The reason something happens
Demand
How much of something people want to buy
When demand goes down, what happens to the price?
What is effect?
What happens because of something else
Economics
Making decisions with limited options
What is it called when supply and demand meet?
Equilibrium price
I studied for my unit 2 quiz in Ms. Yousufzai's class, so I got an A!
What is the cause, effect, and signal word?
Cause: I studied for my unit 2 quiz
Effect: I got an A
Signal Word: so