SUPPLY AND DEMAND IN MARKETING

Market:-

1. A market is a group of buyers and sellers of a particular good and service 
2. The Buyers as a group as demand for the product and Sellers as a group determine the supply of the product

SUPPLY -                                                                                

1. How much quantity available by Producer to the buyer.
2. In Graph its shows downward in curve shape.
3. According to supply is Increase when Price will be Increase.
4.  When supply Increase and Demand Decrease.
5. Cost of the production is Higher.
6. It depends on Seasonality.
7. Eg. Potato, MI Phones 

DEMAND-

1. Refers to the quantity of Product which is desired by Buyers.
2. In Graph its shows upward.
3. According to demand Increase when Price will be Decrease.
4. When Demand Increase and Supply Decrease.
5. Number & Price of substitute Goods.
6. The Expectation from Customer.
7. Eg. Jio phones came to the market.