Question

explain the terms demand and supply with an example from our daily life

Answer 1

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Demand:- Amount of commodity for which people are willing to pay and buy.

Supply:- Quantity that the suppliers are willing to put in the market.

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Answer 2

Answer:

Explanation:

The demand for goods is defined as the amount of commodity for which people are willing to pay and buy

Supply is the good of quantity which supplier are willing to put in market when the price of gods rises supply also rises when supply of goods goes down supply also goes down