| A | B |
|---|
| Demand | is the amount of a product that customers want to buy at a particular price. |
| A shift in demand | is a change in the quantity of a product which is demanded at each and every price. An increase in income would shift a demand curve to the right. |
| Market | is any location or process that brings buyers and sellers together. |
| Price | is the amount of money that is given in exchange for a product |
| Supply | how much producers of a product will sell at any given price |
| Disposable income | one factor that would influence the levels consumers are willing to buy |
| Consumers | Name given to the people in the market the buy the goods |
| Producers | Than name given to people who supply the goods |
| Shift to the right | Increase in population will do this to the demand curve |
| Demand curve | An increase in price of complimentary goods will shift this curve to the left |
| substitute goods | a factor that shifts demand curve to right an increase in price of S... |
