IGCSE Economics Demand and Supply

Goods and services sold to other countries is...

...is the amount of a good that sellers sell at given prices over a period of time

...is the automatic determination of prices and the allocation of resources

A line that shows the relationship between price andquantity demanded.

A consumer want for a product backed by an ability to pay for it is called..

The amount of money that goods are exchanged for in a transaction is...

The amount of a good that will be bought at given prices over a period of time is..

A good or service that is in joint demand with another, for example, cars and petrol.

When price goes up the quantity demanded falls & when price decreases quantity demanded rises

..is a set of arrangements where buyers and sellers exchange goods and  services