Matching each term in Column A with its definition in Column B are:
1. Demand - the amount of an item that buyers are willing and able to purchase at any price
2. Law of Demand - The price at which quantity of supply and quantity of demand are equal.
3. Supply - The quantity of a good or service that is offered for sale
4. Law of Supply - states that the quantity of items demanded increases and decreases in the opposite direction from changes in price.
5. Market price - States that the quantity of supply increases as prices increase, and decreases as prices decrease.
6. Wage - The hourly price a worker receives for doing a job.
Demand can be defined as the amount of goods consumer are ready to buy at a particular period of time.
On the other hand supply is the amount of goods and service produce and supply to the market at a specific period of time.
Both demand and supply work hand in hand. The higher the demand the higher the supply and the lower the demand, the lower the supply.
Learn more about demand and supply here:https://brainly.com/question/4804206
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