difference between supply and demand
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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...
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