Supply and Demand

The willingness and ability of producers to offer a good or service for sale

The willingness and ability of buyers to purchase a good or service

A graph of the quantity supplied of a good at different prices

A graph of the quantity demanded of a good at different prices

The amount a supplier is willing and able to supply at a certain price

The amount a consumer is willing and able to demand at a certain price

A change in price will do what?

• Nothing

• Move the whole line

• Move along the line

• Depends on supply or demand

A change in supply or demand will do what?

• Move along the line

• Nothing

• Move the whole line

• Depends on supply or demand

Increase to supply or demand moves the line which way

Decrease to supply or demand moves the line which way?