AP Microeconomics Supply and Demand

Inverse relationship between price and quantity demanded

A lower price increases the purchasing power of your income

A shift of the supply curve could occur because of

Minimum price fixed by the government

A direct relationship between price and quantity

The more you consume of a product, the less satisfaction you get from it

This shows relationship between price and quantity of something a consumer would purchase

Price where the intentions of buyers and sellers match

A similar product at a lower price will force a consumer to implement this

A good that is useful only if it is used with something else