Supply and Demand

The amount of money that it takes to provide or produce a good or service

• price

• cost

• supply

• deficit

A situation in which the supply of a product/service is less than the demand of that product/service

• defecit

• demand

• good

• surplus

The amount of a good or service that is wanted or desired

• cost

• defecit

• demand

• supply

A physical item that is produced and purchased

• demand

• surplus

• supply

• good

The amount of money charged in order to purchase a good or service

• cost

• demand

• service

• price

Work that is performed in exchange for money

• demand

• service

• surplus

• supply

The amount of a good or service that is available

• cost

• supply

• surplus

• demand

A situation in which the supply of a product/service is greater than the demand of that product/service

• surplus

• demand

• deficit

• supply