ECO211 11.00-12.35 Demand and supply (TEAM)

What is the slope of the supply curve?

If demand decreases which way does the demand curve shift?

If the population of an economy increases, what increases?

Which curve does expectations impact?

States that the quantity demanded and price move in opposite directions.

What are the two types of related goods?

When the number of sellers increases in an economy what increases

What would happen if there is more supply than demand?

What happens to demand of a product when the popularity increases?

What happens when the quantity demanded out weighs the quantity supplied?