Question

Prepare a Demand or supply schedule pf any product and draw a demand diagram for the same table. Students may also prepare the equilibrium price and quantity drawning both demand and supply schedule for any product.​

Answer 1

Answer:

supply and demand, in economics, relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers wish to buy. It is the main model of price determination used in economic theory. The price of a commodity is determined by the interaction of supply and demand in a market. . In equilibrium the quantity of a good supplied by producers equals the quantity demanded by consumers

Explanation:

quantity demanded by consumers.