In this lesson summary review and remind yourself of the key terms, graphs, and calculations used in analyzing the demand for the good. Review the distinction between demand and quantity demanded, the determinants of demand, and how to...

This site discusses in great detail the differences between demand, supply, and markets. Useful economic terminology is identified in bold.

If the price of something goes up, people are going to buy less of it.

If the price of something goes up, companies are willing (and able) to produce more of it.