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Demand and Supply

Equilibrium price and how it responds to changes in demand and supply

QuestionAnswer
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
Created by: peterleechhomeed
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