Duplicate of Demand, Supply, & Market Equilibrium

Surpluses cause prices to 

An item purchased in place of another item

In which direction do supply curves slope?

Which factor might have caused this market equilibrium change?

Person who buys and uses products

States that after a point output increases won't keep pace with labor or machinery increases 

If the price of an item rises, quantity demanded usually

According to the law of supply, higher prices cause producers to

Goods that are commonly purchased together are 

Which of the following will usually NOT cause people to demand more of a good or service?

Which factor might have caused this market equilibrium shift?

Demand curves slope downward because of the ______ between price and quantity demanded.

Shortages cause prices to

States there is a direct relationship between price and quanity supplied

says additional satisfaction from consuming one more unit decreases with each additional unit

Which item will NOT change the supply for a good or service?

a set of prices and the quantity producers would supply at each price