The big picture marcoeconomics 12e parkin chapter 03

... same, the higher the price of a good, the greater is the quantity supplied; and the lower the price of a good, the smaller the quantity supplied The law of supply occurs because an increase in the. .. things remaining the same, the higher the price of a good, the smaller is the quantity demanded; and the lower the price of a good, the greater the quantity demanded The law of demand occurs for... on the quantity is ambiguous  If the increase in demand is greater than the decrease in supply, the quantity increases  If the increase in demand is the same size as the decrease in supply, the