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bonufazy [111]
2 years ago
12

10. Define supply and demand.

Social Studies
2 answers:
Artyom0805 [142]2 years ago
8 0

Explanation:

Supply and demand, in economics, relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers wish to buy. In equilibrium, the quantity of a good supplied by producers equals the quantity demanded by consumers.

Supply-  can relate to the amount available at a specific price or the amount available across a range of prices if displayed on a graph.

Demand-an economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service. Basically "How mush product the people are requesting."

Very glad I was able to help!!

Art [367]2 years ago
3 0

Supply is the amount of an item available.

Demand is the want or need of that object.

So when there is a high demand for something, like a new phone, then manufacturers will try and supply that demand.

When there is a low supply and high demand, prices increase and vice versa.

I hope this helps! :)

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A. make sure your goals are ethically sound

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She violated one guideline for ethical speaking which is that she did not make her speech ethically sound as it contained the opinion of a person but was said in such a way that her listeners would take it as an established fact.

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There are many reasons why there are variations in languages. Therefore the study of multiple languages helps people to find the deeper meaning of the past and understand the history of different styles. Historians, therefore, try to learn how long the word has been in existence and where it originated from.

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