Laws
As price increases, quantity demanded decreases. Name that law -
Law of Demand
Swapping M&Ms for Skittles
Others Goods - Demand
Line that moves from the bottom left to top right
Supply
Which country uses the Peso?
Mexico
As price decreases, quantity supplied decreases. Name that law -
Law of Supply
Viral and Trendy
Tastes and Preferences
Line that moves from top left to bottom right of the graph
Demand
Which country uses the Yen?
Japan
Businesses determine _______ while consumers determine ________ .
Supply; Demand
Business available to sell the good
Number of Sellers - Supply
The Y-axis is labeled _____ and X-axis is labeled ____
Price; Quantity
The US stopped making this coin in 2025
The Penny
Businesses generally want _______ prices while consumers generally want ______ prices.
Higher; Lower
Prices of a component/part. Not the final product
Resource Costs - Supply
The point where the supply and demand line cross
Equilibrium
How many bills/denominations of dollars bills are printed?
Seven ($1, $2, $5, $10 $20, $50 & $100)
Because of the Laws of Supply and Demand, the demand line angles _______ while the supply line angles _______ .
Government Involvment
Taxes and Subsidies - Supply
Increase in supply or demand is show by a shift to the ______. A decrease is a shift to the ______
Right; Left
Which country uses the Ruble?
Russian