| A | B |
|---|
| Demand | is the amount of a product that customers want to buy at a particular price. |
| 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 |
| 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 |
| Shift to the left | Increase in business tax will do this to the supply curve |
| Supply curve | An increased use of new technology will shift this curve to the right |
| Demand curve | An increase in price of complimentary goods will shift this curve to the left |
| Contraction | Movement down the supply curve is called this |
| Epxansion | Movement down the demand curve is called this |
| Government | These subsidies will shift the supply curve to the right |
| Climate | Non price factor beginning with C that shift the supply curve |
| Population | Non price factor beginning with P that shift the demand curve |
| Prefereneces | Tastes and ? is a non pirce factor that influences the demand curve |
| Substitue | Price of ? goods is a non pirce factor that influences the demand curve |
