An #Infograph for my Chinese students in #microeconomics and #macroeconomics
When we study Supply and Demand in #economics, we learned that one of the factors that changes them both is Price of Related Goods.
- Supply — The number of products the company has available to sell at all prices
- Demand — The number of products the buyers will purchase at all prices
- Quantity Supplied — The number of products supplied at a specific price
- Quantity Demanded — The number of products demanded at a specific price
- Inverse Relationship — When Y ↑ then X ↓ — Line goes down
- Direct Relationship — When Y ↑ then X ↑ — Line goes up
#business #studyguide #econ
Deceptively Blonde 