Demand - The quantity of a particular good or service that consumers are willing and able to buy at a given price. , Supply - The quantity of a particular product that producers are able and willing to make available for sale at a given price. , Law of Demand - This law states that when the price of a product goes down, demand will generally go up and when the price of a good goes up the quantity demanded goes down. , Law of Supply - This law states that when the price of a product goes up the quantity supplied will generally go up. When the price goes down the quantity supplied will decrease.  , Equilibrium - The price where the quantity demanded is equal to the quantity supplied. At this price, consumers are willing to buy the same quantity of product as producers are willing to make. , Shortage - this occurs when demand is greater than supply. As a result prices tend to rise. ,

JC Supply & Demand Match up activity

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