Supply and demand

The willingness and ability of consumers to sell at any given price, all other factors held constant.

The willingness and ability of producers to sell at any given price, all other factors held constant.

The higher the price, the higher the quantity supplied.

An increase in price results in a decrease in quantity demanded, all other factors held constant.

The willingness and ability of consumers to purchase a good or service at a given price level.

An increase in quantity demanded will result in an decrease n price.

True

False

Right (expansion)

Left (contraction)

True

False