Economy, asked by souravrock2208, 5 hours ago

"Demand and supply in economy"

Answers

Answered by diyadivyanshi99
0

Explanation:

Supply and demand in economics, relationship between the quantity of a commodity the producers wish to sell and various prizes and the quantity that consumer wish to buy. Your answer

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Answered by AllenGPhilip
1

Answer:

Explanation:

Demand:-

Demand is a desire backed by ability and willingness to pay for a thing.The relation ship between demand and price is inverse

Supply:-

Supply of a commodity refers to quantity of the commodity offered for a specific period of time . direct relationship between supply and price

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