SUPPLY:
supply is the economic concept that determines the goods or services that are available for the customers.supply is which very closely related to the demand for a good .supply is the amount of a product per unit of time that producers are willing to sell at different prices.The of a product will generally depends upon the producer of product
DEMAND:
Demand is the quantities of a commodity or a service that people are willing and able to buy at various prices ,over a given period of time.for example if the customers are willing to buy only one particular product at the same point of time then the demand of that product is generally goes up and the supply of that product will decreases .Because the supply and demand is inverse relationship to each other
CURVES OF DEMAND AND SUPPLY
supply is the economic concept that determines the goods or services that are available for the customers.supply is which very closely related to the demand for a good .supply is the amount of a product per unit of time that producers are willing to sell at different prices.The of a product will generally depends upon the producer of product
DEMAND:
Demand is the quantities of a commodity or a service that people are willing and able to buy at various prices ,over a given period of time.for example if the customers are willing to buy only one particular product at the same point of time then the demand of that product is generally goes up and the supply of that product will decreases .Because the supply and demand is inverse relationship to each other
CURVES OF DEMAND AND SUPPLY
- Demand curve is download slopping
- Supply curve is upward slopping
RELATIONSHIP
- When demand increases supply decreases
- when supply increases demand decreases
i.e "INVERSE RELATIONSHIP"
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