Supply & Demand Separate Review

The law of supply says that as price decreases, quantity supplied...

Goods that can be purchased in place of other goods are...

Quantity supplied is the amount offered at any one price

The law of supply says as price increases, quantity supplied...

Taxes and subsidies are the same thing and have the same effect on supply

Demand is

Complementary goods are goods that are bought together

A video about the new iPhone goes viral. What happens to demand?

Part I of the Law of Demand says as price increases, quantity demanded decreases.

If more producers are able to make Yeti cups, what happens to supply?

What happens to the supply of soda if the cost of sugar increases?

Supply curves point down

a change in the cost of production can alter supply

Supply is...

Part II of the Law of Demand says that as price decreases, quantity demanded increases.

Demand curves always point...