Question

difference between supply and demand​

Answer 1

HEY MATE...!!!....

DEMAND.

DEFINITION- THE WILLINGNESS AND ABILITY TO BUY A PRODUCT.

SUPPLY.

DEFINITION- THE WILLINGNESS AND ABILITY TO SELL A PRODUCT.

DEMAND TELLS US THAT HOW MUCH ( LABOUR OR AN PRODUCT IS REQUIRED).

SUPPLY TELLS US THAT ( WHAT RATE DOES THE PRODUCER WANT TO SELL)

YOU MIGHT BE KNOW THAT THE POINT IN WHICH THE DEMAND & SUPPLY INTERSECT EACH OTHER IS KNOW AS EQUILIBRIUM PRICE.

FOR MORE DETAILS YOU CAN GOOGLE IT.

PLZ MARK AS BRAINLIEST...

THANK YOU...