production
When a consumer is able and willing to buy a good or service he or she creates a demand.
Demand for good or service increases if the price of related goods increases, and vice versa.
Expectations of future events affect the current demand for a good or service.
[NovaNet] the movement of income from producers of goods and services to consumers, and back to producers. [Study Island] Consumer spending drives demand for goods and services.
WagesApex approved
PRICE
Aggregate Demand
When a consumer is able and willing to buy a good or service he or she creates a demand.
Demand for good or service increases if the price of related goods increases, and vice versa.
Demand
Expectations of future events affect the current demand for a good or service.
A simple circular flow model shows the flow of goods and services through the economy. It is basically a model that shows supply and demand in an economy.
[NovaNet] the movement of income from producers of goods and services to consumers, and back to producers. [Study Island] Consumer spending drives demand for goods and services.
WagesApex approved
an economist
Price of related goods in demand means prices of substitute goods and complementary goods.
Because of complimentary goods demand increase.