Question

Explain the terms 'demands' and supply with an example

Answer 1

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Answer—

The demand for a good is defined as an amount of commodity for which people are willing to pay and buy. Supply of a good is the quantity that the suppliers are willing to put in the market.

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Answer 2

Answer:

Explanation:

The demand for a good is defined as an amount of commodity for which people are willing to pay and buy. Supply of a good is the quantity that the suppliers are willing to put in the market.