Supply and Demand

Will the price go up or down: oil prices. Summer is coming and people are driving everywhere needing lots of gasoline.

Demand: If demand is low

Will the price go up or down? I sell landscape rocks. I ordered TONS, but people are using decorative gnomes instead.

Which describes the Law of Demand?

Demand: If price is high

Will the price go up or down? A person sells cupcakes but a storm wiped out the suger cane crop.

Demand: If price is low

Will the price go up or down? I just invented the worlds first self folding chair. Nobody else makes anything like it.

Define Supply

Will the price go up or down? A person who makes radios installed a new machine that allows them to make twice as many.

Supply: if quantity supplied is low

Supply: If price is low

Supply: If price is high

Supply: if quantity supplied is high

Will the price go up or down? Self folding chairs are so popular I can make 9,000 a day and sell them in all my stores.