Supply and Demand

Factor that increases or decreases the market supply of a good or service.

The financial gain from a investment.

Occurs when the quantity supplied of a good or service is less than the quantity demanded.

The value of the best alternative given up.

Factors that determine changes in individual demand and market demand.

The amount of a product or service released on the market at a given price .

Represents the total quantity of goods and services demanded and different price levels

Occurs whenever the quantity supplied is greater than the quantity demanded

Occurs at the price where the quantity supplied is equal to the quantity demanded.

The amount of a particular good or service that consumers are both willing buy at a given price

The price at which quantity supplied equals quantity demanded.

The amount of a product or service consumers are willing to buy at a certain price.

A factor that increases or decreases the market supply of a good or service.

The varying amount of a good or service that producers are willing to make available.