Demand and Supply

What would happen to the SUPPLY curve if there was a tax increase?

The quantity supplied is greater than the quantity demanded

An increase in number of buyers will make demand

Ability and willingness to buy a product

What would happen to the DEMAND curve if there were more buyers?

The quantity demanded is greater than the quantity supplied

Amount of a product that would be offered for sale

When people can replace one product with another if it satisfies the same need.

If people's income goes down then

What would happen to the SUPPLY curve if there were more sellers?

The point where quantity supplied is equal to the quantity demanded

Shows a list of prices and quantities demanded

For most products and services, if the price goes up then

High prices makes suppliers

What would happen to the demand curve if there were an decrease in popularity?

If people's income goes up then

What would happen to a DEMAND curve if there was a decrease in people's income?

High prices makes consumers

A product you buy with another product

Shows price and quantity supplied