Demand And Supply Essay Examples

Demand And Supply - Free Essay Examples and Topic Ideas

Demand is the amount of a particular good or service that people are willing and able to buy at a certain price. It is often influenced by factors such as income levels, consumer preferences, and changes in the economy. On the other hand, supply refers to the quantity of a product that businesses are able and willing to offer for sale at a given price range. This is determined by factors such as input costs, technology, and the availability of resources. The interaction between demand and supply ultimately determines the market price of a product or service. When demand exceeds supply, prices tend to go up, whereas when supply exceeds demand, prices tend to go down.

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