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Supply and Demand

QT Pies

Activity to learn or review vocabulary words for lesson.

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1.Consumer’s desire and willingness to pay a price for a specific good or service
3.Amount of some product that producers are willing and able to sell at a given price.
6.This refers to a change along the supply line or curve.
8.A diagram of values, usually shown as lines or bars.
9.This occurs when a good's quantity demanded or supplied changes even though price remains the same.
10.A symbol for a number we don't know yet or something that does not remain constant but changes in an equation.
2.the market price where supply and demand intersect.
4.An equation that makes a straight line when it is graphed. Often written as y=mx+b
5.Has two or more equations with one or more variables.
7._____ Demand is created when the price is set too low and the demand is higher than the supply of goods.

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