demand, supply and equilibrium market

Question 1

what the definition of the demand?

Answer 1

it is an amount of a good that consumers what to buy at the given price

Question 2

What the definition of the supply?

Answer 2

it is an amount of a product which company can sell at a given price

Question 3

what is the demand curve?

Answer 3

it is a graphs that shows correlation between price and quantity when demand is changing

Question 4

how demand can increase?

Answer 4

if price of product is less

Question 5

How does the price change occur on the demand curve?

Answer 5

A change in price will always cause a movement along the demand curve

Question 6

what kind of connection between price and quantity in supply curve

Answer 6

proportional

Question 7

what happen with supply curve if supply decreases for any reason other than price

Answer 7

shift the supply curve to the left

Question 8

what is the governments subsidies means?

Answer 8

Money that the state gives to companies as financial support

Question 9

If the price of these trainers drops from £60 to £20 will demand for them;

Answer 9

Increase

Question 10

what is the equilibrium market?

Answer 10

it is a balance between demand and supply