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30-09-2021
Biology

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What is supply and demand?

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CHINNU2007 CHINNU2007

30-09-2021

Demand is the amount of a product customers are prepared to buy at different prices. Supply is the amount of a product businesses are prepared to sell at different prices. There are many different types of market. The goods market is where everyday products such as DVDs are traded.

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30-09-2021

supply is what producers provide and consumers obtain.

demand is how much the consumers want it.

the rate of supply and prices change depending on the demand

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