2 years ago

Describe the meaning of "supply and demand" and give an example.

1 answer:

4 0

Answer:

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. srry if its wrong

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