Supply and Demand Interacting Flashcards
0
Q
Supply curve
A
Relationship between the price and the quantity that producers want to create and sell
1
Q
Demand curve
A
The relationship between price and the quantity that customers want to buy
Demand down, supply to the sky
2
Q
Equilibrium price
A
The price at which buyers and sellers will be satisfied, in that the a out that producers wish to sell is the same as the a out that customers want to buy
3
Q
Market clearing price
A
The price at whine all of the product that is currently available sells, and no one wanted to buy the product at the going price fails to get it
4
Q
Market change
A
Market forces A shift in the demand curve Different markets Rising costs A shift in the supply curve Shifts in and movements along
