Supply & Demand Word Scramble
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| Question | Answer |
| Market | Includes the customers and locations that business wants to serve. |
| Supply | How much of a good or service a producer is willing and able to produce at different prices. |
| Demand | An individual's need or desire for a good or service at a given price. |
| Law of Demand | As prices fall for a particular good or service, the demand for that item will increase and vice-versa. |
| Law of Supply | As prices of a particular good or service increases, the supply for that item will also be increased and vice-versa. |
| Price | The amount at which a good or service will be sold in a market. |
| Profit Motive | The hope of making a profit |
| Supply and Demand Graph | A visual representation of supply and demand. |
| Equilibrium or Market Price | The point at which the supply and demand curves meet. |
| Competition | A contest for some prize, honor, or advantage. |
Created by:
scdroten
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