Business term 2 flash cards

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  • Created by: larawork
  • Created on: 09-11-16 18:55
Commodity
Raw materials
1 of 6
Commodity markets
Where buyers and sellers meet to exchange commodities
2 of 6
Demand
The amount customers are willing to buy at any price
3 of 6
Supply
The amount customers are willing to offer for sale at any price
4 of 6
Shortage
Demand is greater than supply
5 of 6
Surplus
Demand is less than supply
6 of 6

Other cards in this set

Card 2

Front

Where buyers and sellers meet to exchange commodities

Back

Commodity markets

Card 3

Front

The amount customers are willing to buy at any price

Back

Preview of the back of card 3

Card 4

Front

The amount customers are willing to offer for sale at any price

Back

Preview of the back of card 4

Card 5

Front

Demand is greater than supply

Back

Preview of the back of card 5
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