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Supply and Demand Quiz Review Game

Supply and Demand Quiz Review Game. Round 1: Tricky Taboo. s upply g oods c apital resources production customer. Round 2: Tricky Taboo. s ervices d emand seller p rice n atural resources. Round 3: Tricky Taboo. b uyer h uman resources m arket economy resources. Group Challenge.

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Supply and Demand Quiz Review Game

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  1. Supply and Demand QuizReview Game

  2. Round 1: Tricky Taboo • supply • goods • capital resources • production • customer

  3. Round 2: Tricky Taboo • services • demand • seller • price • natural resources

  4. Round 3: Tricky Taboo • buyer • human resources • market • economy • resources

  5. Group Challenge • When I go to the market, my goal is to make the most amount of money and get rid of the most amount of goods. Who am I? • Seller • As a buyer, when I go shopping, I hope to get the most amount of _________ for the ________ amount of money. • Product/goods/services • Least • How does supply and demand affect prices? • Makes prices go up or down

  6. The supply is _______ and the demand is ________. • I know this because… This is a great deal! It’s a good thing I lowered my price. $.50

  7. The supply is _______ and the demand is ________. • I know this because… Since it is the last one left, I am willing to pay extra. I am making a lot of money on just a few apples! $3.50

  8. How does our economy work? • Write a paragraph to answer the question using all of these words. • buyers, sellers, goods, services, supply, demand, resources • Our economy works because businesses are sellers that provide goods and services, and buyers pay money for those goods and services. Supply and demand cause prices to change. Human, natural, and capital resources are all part of our economy.

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