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supply and demand book

by Ayaan Javed

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Supply and Demand
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BY Ayaan
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what is Supply
supply is defined as the quantity of goods or services that suppliers are willing and able to provide to customers. The law works like this: Rising prices mean that products become more profitable, assuming other factors such as production costs remain constant.
And Demand
Demand is the consumer's desire to purchase a particular good or service. Market demand is the demand for a particular good in the market. Aggregate demand is the total demand for goods and services in the economy
What is a supply and Demand Graph
A supply and demand curve is a graph that represents the relationship between how much of a product is available to a market and how much the consumers in a market want the product.
What is a supply and Demand Graph
How to make a Supply and Demand graph
If the available quantity of the good increases, the supply curve shifts right. If quantity decreases, the supply curve moves left. The demand curve is plotted as a line with a negative slope, pointing down and to the right. If the quantity demanded increases, the downward-sloping demand curve moves right.
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