ECO210 7.50-9.15 Demand and supply (TEAM)

What is the slope of the supply curve?

What happens to demand of a product when the popularity increases?

When the number of sellers increases in an economy what increases

What would happen if there is more supply than demand?

If demand decreases which way does the demand curve move?

What happens when the quantity demanded out weighs the quantity supplied?

States that the quantity demanded and price move in opposite directions.

What are the two types of related goods?

If the population of an economy increases, what increases?

Which curve does expectations impact?