1. demand - the amount of an item that buyers are willing and able to purchase at any price
2. Law of Demand - f. the price at which quantity of supply and quantity of demand are equal.
3. supply - the quantity of a good or service that is offered for sale
4. Law of Supply - states that the quantity of items demanded increases and decreases in the opposite direction from changes in price.
5. market price - states that the quantity of supply increases as prices increase, and decreases as prices decrease.
6. wage - the hourly price a worker receives for doing a job