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Demand and Supply
Equilibrium price and how it responds to changes in demand and supply
| Question | Answer |
|---|---|
| People who buy a product at a certain price give us the ....... Curve | Demand |
| people who make a product at a certain price give us the ....... Curve | Supply |
| The place where buyers and sellers meet to exchange is called the...... | Market |
| The price where the demand curve and the supply curve cross is called the.. | Equilibrium |
| If the demand curve goes up it causes the price to go... | up |
| If the supply curve goes up it causes the price to go... | up |
| If the demand curve goes up it causes the quantity sold to go... | up |
| If the supply curve goes up it causes the quantity sold to .... | down |
| If the demand curve goes down it causes the price to go... | down |
| If the supply curve goes down it causes the price to go ... | down |
| if the demand curve goes down it causes the quantity sold to go... | down |
| If the supply curve goes down it causes the quantity sold to go | up |