Question

What is the law of supply and demand?

Answer 1

Demand refers to how much (quantity) of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. Supply represents how much the market can offer.

Answer 2

Thank you. I've been needing this answer for a while.

Answer 3

If you have anymore just ask.

Answer 4

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