Supply and Demand

Supply moves along the (a)   axis.

Demand moves along the (a)   axis.

Whenever supply increases, price goes (a)   .

Whenever supply decreases, price goes (a)   .

Whenever demand increases, price goes (a)   .

Whenever demand decreases, price goes (a)   .

Whenever demand is shifted, price and quantity go _____.

• the same direction

• opposite directions

Whenever supply is shifted, price and quantity go _____.

• the same direction

• opposite directions

The spot where supply and demand meet on a graph is called the _____.

• equator

• equalization

• equilibrium

• equador