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Cerrena [4.2K]
3 years ago
8

Question: In 6-8 sentences describe Demand and Supply (IN YOUR OWN WORDS), give examples and describe how the two concepts work

together.
What is demand? Give an example.
What is supply? Give an example.
How do Demand and Supply interact together? (How does one affect the other?)
Social Studies
2 answers:
Ipatiy [6.2K]3 years ago
7 0

Answer:

Demand is an economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for.

The supply function and equation expresses the relationship between supply and the affecting factors, such as those mentioned above or even inflation rates and other market influences.

And they are simalirty is that both have goods and services  that when supply exceeds demand for a good or service, prices fall. When demand exceeds supply, prices tend to rise.

Firlakuza [10]3 years ago
3 0

Answer:

Demand is in direct relationship to Supply, which both effect trade. Demand is the want of consumers to gain more of the product. Supply is the supplying of the wanted product, and the satisfying of customers.

Example:

The General Store sold out of lollipops two times this week. The store decided it would be best to put two shipment orders in for lollipops ahead of time.

Demand- Customers wanting lollipops from store

Supply- Store buying more lollipops and meeting consumer needs

:)

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decomposition

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Why did native American have a high death rate from European disease ​
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Explanation:

The diseases brought to this continent by the Europeans included bubonic plague, chicken pox, pneumonic plague, cholera, diphtheria, influenza, measles, scarlet fever, smallpox, typhus, tuberculosis, and whooping cough. The diseases introduced in the Americas by the Europeans were crowd diseases: that is, individuals who have once contracted the disease and survived become immune to the disease. In a small population, the disease will become extinct. Measles, for instance, requires a population of about 300,000 to survive. If the population size drops below this threshold, the virus can cause illness and death, but after one epidemic, the virus itself dies out.

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have a great day

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