I2B - Chapter 1-4 Supply and Demand Flashcards

1

As price decreases, quantity supplied

2

Demand is set by

3

As price decreases, demand

4

Supply is established by

5

If demand is greater than supply at a given price, there will be a

6

As price increases, quantity supplied

7

The person who buys and uses goods and services.

8

If supply is greater than demand at a given price, there will be a

9

The point where supply and demand are equal

10

Those who determine what goods and services will be available for sale.

11

As price increases, demand

I2B - Chapter 1-4 Supply and Demand