What is supply and demand?
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Supply and demand, in essence, are the yin and yang of the marketplace. Supply represents the quantity of a good or service that producers are willing to offer, while demand signifies the quantity consumers are eager to purchase. The interplay between these forces sets the equilibrium price, dictatiRead more
Supply and demand, in essence, are the yin and yang of the marketplace. Supply represents the quantity of a good or service that producers are willing to offer, while demand signifies the quantity consumers are eager to purchase. The interplay between these forces sets the equilibrium price, dictating market dynamics.
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