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Feliz [49]
3 years ago
5

What is supply and demand

Social Studies
2 answers:
Georgia [21]3 years ago
6 0

Answer:

Supply and demand is basically what people want and how much of the product the producer has.

Explanation:

So if 40 people wanted something, (demand) and the producer will have to make 40, or sell 40, (supply.) and at times there will be more demand then supply, and that is called a shortage.

r-ruslan [8.4K]3 years ago
3 0

According to Definition:

Supply and Demand is the amount of a commodity, product, or server available and the desires of buyers for it, considered as factors regulating its price.

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