This Weeks Notes for Macroeconomics

     This week in Macroeconomics covered mostly price and demand and learned how to use it properly in different situations. Demand is the quantities that people are willing and able to buy at various price. The law of demand states that as price increases quantity decreases and as quantity increase price decreases. Supply is the quantities that producers/sellers are willing and able to produce/ sale at various prices. The law of supply states that there is a direct relationship between price and quantity. When price increase, quantity increase and when price decreases quantity decreases.