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SUPPLY & DEMAND
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in the Law of Supply, as prices INCREASES, the quantity supply ________
increases
Supply refers to the total a________ of products
amount
According to the L_____ of S_____, the higher price, the larger the quantity produced
law of Supply
__________ refers to the total amount of products
Supply
In the Law of Supply, as price DECREASES, the quantity supply _______
decreases
If more companies enter the market, the total supply _______
increases
Factors such as natural disasters can a_______ supply
affect
If the price decreases from $5 to $3, the quantity supply
decreases
f the price increase from $50 to $80. the quantity supply ______
increase
_______ is the amount of the good or service that customers want to buy.
DEMAND
In the L_____ of D______ when the price increases, the demand decreases
Law of Demand
In the DEMAND, when the price increases, the demand ________
decreases
In the DEMAND, when the price decreases, the demand ________
increases
If the price increases from $7 to &10, the DEMAND ______
decreases
If a cellphone decreases from $500 to $300, the DEMAND _______
increases
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