Here are the answers for each scenario based on supply and demand:
1. Sunscreen in December
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Supply: High (Stores have plenty of leftover stock from summer).
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Demand: Low (It is winter, so people do not need sunscreen).
2. New Book Release
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Supply: Low (The store only received a few copies).
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Demand: High (It is a very popular series).
3. Popular Holiday Toy
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Supply: Low (There aren't enough toys for everyone who wants one).
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Demand: High (Many kids want it).
4. "Extreme Racing 4" Video Game
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Supply: High (The store is trying to sell off the old version).
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Demand: Low (Most people want to buy the new "Extreme Racing 5").
5. Last Year's Shoes
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Supply: High (The store has extra inventory they need to clear out).
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Demand: Low (They are old styles, so fewer people want them unless they are cheap).
6. Valentine's Day Cards in February
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Supply: Low (The store is running out of cards).
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Demand: High (Everyone needs cards for the holiday right now).
7. Turkey during Thanksgiving
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Supply: Low (There is a limited amount of turkey available compared to how many people want it).
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Demand: High (Almost everyone eats turkey for Thanksgiving dinner).
8. Older iPhone Model
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Supply: High (Stores have lots of the old phones left over).
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Demand: Low (Most customers prefer to buy the newest version).
Parent Tip: Review the logic above to help your child master the concept of supply worksheet.
