Supply and Demand

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Supply and Demand

What is Supply and Demand

The price of a specific product on the market is mostly influenced by supply and demand.

The quantity of resources, products, or services on the market is referred to as supply. The vendors and businesses are producing this quantity. On the other hand, demand describes the number of assets, goods, or services that suppliers are offering and the sum of money that consumers are ready to pay for them.


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