Economics Review
Name ___________________________
WHO?
WHO?
MARKET
S_______________
B_______________
SUPPLY:
DEMAND:
Definitions
The number sellers will sell depends
on ________________________
The number buyers will buy depends
on ________________________
LAW OF
DEMAND
Price Changes
A change in price leads
LAW OF
SUPPLY
to a change in __________
This is true for both
Demand & Supply.
NOTICE:
Draw a Demand Curve
_____________ Does NOT SHIFT
either CURVE
Draw a Supply Curve
Definitions:
The number buyer will buy at any price is
called:
These
Things
Will
The
Curve
Factors of Supply
Factors of Demand
The number sellers will sell at any price is
called: