This is a consumer’s willingness and ability to purchase a product.
Demand
Michael, Franklin, and Trevor are the three playable criminals in this Rockstar video game.
Grand Theft Auto V (GTA V)
This is a producer’s willingness and ability to sell a product.
Supply
This NBA star holds the record for the most career three-pointers.
Stephen Curry
When a product becomes more popular, demand normally changes in this way.
Demand Increases
According to this economic law, quantity demanded decreases when price increases.
The Law of Demand
This film follows the Corleone crime family and includes an offer that cannot be refused.
The Godfather
According to this economic law, quantity supplied increases when price increases.
The Law of Supply
This singer released the albums SOUR and GUTS.
Olivia Rodrigo
When the cost of producing a product rises, supply normally changes in this way.
Supply Decreases
This graph displays the quantities consumers are willing to purchase at different prices.
A Demand Curve
Ray Liotta plays mob associate Henry Hill in this Martin Scorsese film.
Goodfellas
A typical supply curve slopes in this direction from left to right.
Upward
This Dodgers superstar became the first MLB player with 50 home runs and 50 stolen bases in one season.
Shohei Ohtani
When new technology makes production faster and cheaper, supply normally changes in this way.
Supply Increases
Coke and Pepsi are examples of these goods because an increase in the price of one can increase demand for the other.
Substitutes
This HBO crime drama stars James Gandolfini as a New Jersey mob boss who secretly attends therapy sessions.
The Sopranos
Rent and property taxes are examples of these business expenses because they remain the same regardless of how much a company produces.
Fixed Costs
This actress received Emmy and Golden Globe nominations for portraying the title character in Netflix’s supernatural series Wednesday.
Jenna Ortega
When the price of hot dogs decreases, demand for this complementary product will probably increase.
Hot-Dog Buns
Video game consoles, compatible games, and extra controllers are examples of these goods because purchasing one increases demand for the others.
Complements
This 1993 crime film follows Caine Lawson as he struggles to escape violence in the Watts neighborhood of Los Angeles.
Menace II Society
This occurs when an additional worker contributes less output than the worker added before.
Diminishing Marginal Returns
This Ready to Die and Life After Death Brooklyn rapper was fatally shot in Los Angeles in March 1997.
The Notorious B.I.G. (Biggie Smalls)
If the price of a PlayStation rises and consumers respond by purchasing more Xbox consoles, the two consoles are this type of competing good.
Substitutes