1. Demand

2. Demand The amount of a good or service that people are willing to buy at a given price and during a certain time period.

3. Law of Demand Increase in price will bring a decrease in the quantity demanded, while a decrease in price will cause an increase in quantity demanded.

4. Necessities Products that we must always purchase that are necessary to our survival. List 3 necessities for you:

5. Inferior Goods Products that you buy less of when your income rises.

6. Normal Goods Products that you buy more of when your income rises.