This law states that the higher the price, the larger the quantity supplied.The lower the price, the smaller the quantity supplied.

A table that lists the quantity of a good that a person will purchase at each price in a market.

A government payment that supports a business/market

The shift to the left of the supply curve

When demand of customers exceeds the quantity supplied

The consumer changes spending patterns for other goods. Buying pepsi instead of coca cola.

Price. Input Prices, Technology and Expectations.

The shift to the right of the demand curve

When prices & quantity of demand and supply meet

The shift to the right of the supply curve

The shift to the left of the demand curve

The consumer changes spending patterns for other goods based on what their income can afford. Buying steak instead of chicken because chicken is too expensive

When the quantity supplied exceeds the demand of the customers

This law states that the higher the price, the lower the demand. The lower the price, the higher the demand.

A tax on production or sale of a good