Supply and Demand

An increase in consumer income will affect

The economic principle "demand goes up when prices go down" is called the:

A change in population will affect

When demand for a product decreases the price will

The economic principle "Supply goes up when prices go up" is called:

A change in the cost of production will affect

A change in consumer tastes will affect

When demand for a product increases the price will:

This is determined by both supply and demand and the cost of producing a good or service

A change in the number of producers will affect