Law of supply
Law of demand
Regulation of the economy
Shifts in supply and demand curves
100
This is the amount of goods ready for use or sale
What is supply
100
This is a term that describes the willingness or ability to purchase a good
What is demand
100
This is the maximum price (set by the government) that a seller can charge for his/her product/service 
What is a price ceiling.
100
A shift in a supply curve is caused by this.
What is a decrease or increase in prices of a good.
200
According to the law of supply if the price of a good increases this is what happens to the supply of that good
What is increase.
200
According to the law of demand, if the price of an item increases, this is what happens to the demand for that item
What is decreases
200
This is the minimum price (set by the government) that a seller can charge for his/her good/service.
What is a price floor.
200
A shift in a demand curve is caused by this.
What is income, consumer expectations, populations, and consumer tastes/advertising.
300

According to the law of supply if the price of a good decreases this is what happens to the supply of that good

What is decrease
300

According to the law of demand if the price of a good decreases this is what happens to the demand for that good

What is increase
300
A price ceiling is set by the government to protect this group of the market economy
What are consumers
300

A decrease in price will cause the supply curve to shift in this direction

What is to the right (down)
400
This is a graph showing the relationship between the prices of a good and the supplies of that good
What is a supply curve
400

This is a graph showing the relationship between the prices of a good and the demand of that good

What is a demand curve
400
A price floor is set by the government to protect this group of the market economy
What is producers.
400
If unemployment rises to a record high of 40%, this will cause a demand curve to shift to what direction 
What is to the left (down)
500
This is a table that lists the relationship between the prices of a good and the supply of those goods
What is a supply schedule
500

This is a table that lists the relationship between the prices of a good and the supply of those goods

What is a demand schedule
500
Rent control (the limit set by the government on how much landlords may raise their monthly rent prices) is known as this terminology
What is a price ceiling.
500
If we were expect gas prices to drop a whole dollar and fifty cents next month we can cause expect the demand curve for gas prices currently to shift in which direction
What is to the left (down)
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