Question

4. Define the terms "demand" and "supply"​

Answer 1

Answer:

HEY MATE

Explanation:

Supply and demand, in economics, relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers wish to buy. ... The resulting price is referred to as the equilibrium price and represents an agreement between producers and consumers of the good.

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Answer 2

Answer:

Demand- The word demand refers to an insistent and peremptory request, made as of right.

Supply- Supply is to provide something. This may be between a dealer and a customer or between normal people.. It is generally used in official terms.

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