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damaskus [11]
3 years ago
6

Will give Brainliest! Please help! What do the terms supply and demand mean?

Business
1 answer:
Thepotemich [5.8K]3 years ago
8 0

Demand refers to how much of that product, item, commodity, or service consumers are willing and able to purchase at a particular price. In other words,

Supply pertains to how much the producers of a product or service are willing to produce and can provide to the market with limited amount of resources available

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