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Fill in the blanks An extension in demand: as price of a product..................., quantity demanded ...................Or ....................... A .................... In demand: as the price of

Fill in the blanks

An extension in demand: as price of a product..................., quantity demanded ...................Or .......................

A .................... In demand: as the price of a product rises, quantity demanded .................. or ......................

....................demand isthe demand just for one consumer,while .................demandfor a product is the total demand for that product from all its consumers willing and able to buy it.

Think about a product that you buy; when was the last time you decreased your consumption and why?

Think about a product that you buy; when was the last time you increased your consumption and why?

What is the factor that can affect your consumption?

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