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Demand- Consumers desire to purchase goods or services at a certain price
Supply- Amount of products that the producer is willing to make based on the demand
When the demand goes up on a product the supply will go down and as the supply finally starts going up the demand will go down
A surplus occurs when a producer is pricing his products to high and is making more than he is selling
A equilibrium is when the producer and consumer come together to agree on a price
A shortage is when the producer is selling way more than he is making and the product is hard to get
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