Question

what is supply and demand .explain with the help of example

Answer 1

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.
When the price of a good rises, the supply also rises. When the price goes down, the supply also goes down.

Answer 2

supply refers to the amount of goods that are available. Demand refers to how many peoples want those goods. When supply of product goes up, the price of a product goes down and demand for the product can rise because it cost loss.