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Describe a typical shoplifter and discuss why he or she performs this type of misbehaviour.
Income Increases
The rise in the amount of money received, typically on a regular basis, for work or through investments.
Law of Demand
A principle stating that, all else being equal, as the price of a good or service increases, the quantity demanded decreases, and vice versa.
Equilibrium Quantity
The quantity of goods or services supplied and demanded at the equilibrium price, where demand and supply are equal.
Equilibrium Price
The cost at which the amount of a product or service that consumers want to buy matches the amount that producers are willing to sell, thereby achieving equilibrium in the market.
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