Economics: what is Supply and Demand?

Economics -supply and demand

  • Can you please explain the the market forces for supply and demand, their respective laws (supply and demand) that are applied in the market place. Thank you  

  • Answer:

    By definition, supply is the amount of product that a producer is willing and able to sell at a specified price, while demand is the amount of product that a buyer is willing and able to buy at a specified price. Thus, the supply and demand model shows the relationships between a product

Dr.VSR.Subramaniam at AllExperts Visit the source

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