What is a supply curve? What does it tell? What is a demand curve? What does it tell? Why is a supply curve
upward sloping and why is a demand curve downward sloping? In a marketplace with a supply curve and a
demand curve, how do we find out the price? If demand for a product were to increase, what would happen to
the price? From what is happening around you, give an example of a market place, in which the demand
increased, and the effect that had on the price. Why did the demand increase?
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