Supply and Demand Quiz

It increases

It increases demand

Price increases, quantity may increase or decrease

<p>It tends to rise</p> Signup and view all the answers

<p>Quantity demanded becomes zero</p> Signup and view all the answers

<p>Price decreases, quantity increases</p> Signup and view all the answers

<p>The relationship between the price of a good and the quantity supplied by producers</p> Signup and view all the answers

<p>Supply and demand</p> Signup and view all the answers

<p>How the quantity of total output and the aggregate price level may be determined in equilibrium</p> Signup and view all the answers

<p>The unit price for a particular good will vary until it settles at a point where the quantity demanded equals the quantity supplied</p> Signup and view all the answers

<p>The concept of supply and demand</p> Signup and view all the answers