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6 Written questions

6 Multiple choice questions

  1. what has yet to happen; appears later on the timeline
  2. something a seller provides for the buyers, such as a haircut, housecleaning, or lawn mowing
  3. how good a service or product is; affects demand
  4. what has already happened; appears early on the timeline, or even before the first event
  5. how badly the buyer wants the product
  6. when supply is low and demand is high

5 True/False questions

  1. supplyhow much of a product a seller has


  2. Pony Expressmail was delivered by riders on horseback


  3. decade10 years


  4. sellersomeone who sells goods or services


  5. buyersomeone who buys goods or services


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