is the willingness and ability of buyers to buy different quantities of a good at different prices. related. is the willingness and ability of sellers to sell different quantities of a good at different prices. in supply. is when quantity supplied exdeeds quantity demanded. 1)_______ 2) According to the law of demand, the price and the quantity demanded of a good are 3). 4) An increase in the cost of production will cause a(n) 5) A