Chapter 4
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| Quantity Supplied | What is the amount of a goo that sellers are willing and able to sell?
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| Law of Supply | The claim that, other things equal, the quantity supplied of a good rises when the price of the goo rises
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| Quantity Demand | The amount of a good that the buyers are willing and able to purchase
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| Law of Demand | The claim that, other things equal, the quantity demand of a good falls when the price of the good rises
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| Equilibrium | A situation in which the market price has reached the level at which quantity supplied equals quantity demanded
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| Law of Supply and Demand | The claim that the price of any good adjusts to bring the quantity supplied and the quantity demanded for that good into balance
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| Shortage | A situation in which quantity demand is greater than quantity supplied
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| Surplus | A situation in which quantity supplied is greater than quantity demanded
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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