Law of Supply and Demand   1   Definition of Supply

• The amount of items a market can produce.

Law of Supply and Demand   1   Definition of Demand

• The amount of items customers are willing to buy.

Law of Supply and Demand  1  About Supply and Demand

• It starts with people wanting items.
• When people really want something they will pay alot for it.
• But if it is too high only a few people will buy it.

Law of Supply and Demand  1   Pros Supply and Demand 

• Supply is balanced with demand.
• Companys make more items to sell.
• If people don't buy price goes down.

Law of Supply and Demand  1   Cons Supply and Demand

• Prices on items go up alot.
• If price goes down then people buy and it goes back up.
• If people don't by at all it goes off market.