Economics - Microeconomics - Supply - law of supply - Supply vs Demand Comparison
Students sort 10 statements into 'Applies to DEMAND' vs 'Applies to SUPPLY'. Demand: 'Curve slopes downward', 'Higher price means buy less', 'Income increase shifts it right', 'Substitute goods affect it', 'Consumers make these decisions'. Supply: 'Curve slopes upward', 'Higher price means produce m