<span>It is advantageous and useful for a seller to
estimate because he/she can check and balance between supply and demand, market
equilibrium is achieved, they can able to sell all the products what they have.
If estimation won’t be done, there will be SURPLUS happened, where they will be
forced to lower the price, so they can sell their entire product
supply. </span>
As an equilibrium is market price were the quantity of the goods that are supplied is equal to the quantity of the goods demanded. In order to find out the equilibrium, the process is based on the demand and supply of the curve.
And is maintained by raising and lowering the prices a seller is advantageous when he is selling the goods at an equal price leads to the optimization of the profit.
Indian ocean has been always been a strategic place for trade and commerce and well as connecting the culture of southeast Asia with those of western civilization. Example of the silk route and the discovery of species
