Supply and Demand

Match it! Select the correct answer from the pull down...Good luck!

Personal likes and dislikes affect the _____________ of a good or service.

When the quantity demanded for a good is ___________, it means the demand for the product is affected by price changes.

The government will establish a price ceiling in order to ensure consumers are able to purchase their needs.

When a market is in disequilibrium, the quantity demanded and the quantity supplied are equal.

As prices decreases, consumers will buy more of the good. This is called...

The line on a supply curve moves

A ____________ demand schedule shows the demand for all consumers.

When there is a shortage, _____________ is a method of distributing goods by using a other system than pricing.