Supply & Demand

What does this curve represent?

• demand
• supply
• equilibrium
• shortage

What does this curve represent?

• supply
• equilibrium
• demand
• surplus

The desire or willingness a consumer has to purchase a good or a service is called?

• shortage
• supply
• price
• demand

The amount of goods or services available is called?

• supply
• demand
• producer
• consumer

The point where supply and demand are balanced is?

• product
• demand
• surplus
• equilibrium

An individual or group who purchases goods.

• producer
• consumer
• goods
• services

In economics these concepts are called?

• rise and fall
• supply & demand
• customers and products
• surplus and shortage