Remember: A price settles where the number wanted meets the number offered.
Questions
1
Which one is true about supply, demand and Juno's scarves?
🙋Demand is how many people want a thing at a price👑The biggest seller alone sets the market price⬆️A surplus pushes a price up
2
Which one is true about supply, demand and Juno's scarves?
🧺At the market price many scarves are left over👑The biggest seller alone sets the market price📉Unsold scarves piling up can push a price down
3
Which scarf price is the one where six people want one?
an eight-coin scarfa six-coin scarfa two-coin scarf
4
Which one is true about supply, demand and Juno's scarves?
📦A surplus is more made than people want🧺At the market price many scarves are left over⬆️A surplus pushes a price up
5
❄️True or false? A cold snap can make more people want scarves.
TrueFalse
6
Which one is not true about supply, demand and Juno's scarves?
⬆️A surplus pushes a price up🥺A shortage is more people wanting one than are made📦A surplus is more made than people want
7
🧭True or false? No single person decides the market price.
TrueFalse
8
Which one is true about supply, demand and Juno's scarves?
🔼A higher price makes more people want one❄️A cold snap can make more people want scarves⬆️A surplus pushes a price up
9
Which one is true about supply, demand and Juno's scarves?
🧺At the market price many scarves are left over📦A surplus is more made than people want🔼A higher price makes more people want one
10
Which one is not true about supply, demand and Juno's scarves?
📉Unsold scarves piling up can push a price down🥺A shortage is more people wanting one than are made🏭A shortage means too many are made
11
Which one is true about supply, demand and Juno's scarves?
🧭No single person decides the market price⬆️A surplus pushes a price up🏭A shortage means too many are made
12
Which one is true about supply, demand and Juno's scarves?
🧶Supply is how many are offered at a price👑The biggest seller alone sets the market price🏭A shortage means too many are made
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