Supply is the amount of a product that companies are manufacturing.
Demand is the amount of a product that customers wish to purchase.
When people talk about supply and demand they normally refer to supply and
demand curves, and where they intersect is the market equilibrium price and
quantity of the product offered.
As price increases, companies will want to supply more of a product to make
more money, but customers will demand less because they are less willing
to pay higher prices for a product.
(By product, I mean good and services)
Negative demand No demand Latent demand Declining demand Irregular demand Full demand Overfull demand Unwholesome demand
Negative demand nonexistent demand latent demand declining demand Irregular demand full demand overfull demand unwholesome demand
Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.
Perfectly elastic demand. Relative elastic demand. Unit elasticity of demand. Relative inelastic demand. Perfectly inelastic demand.
stochastic demand is random demand. it is determined by predictable actions and a random element.
how many berel daily petrolium production supplyand which countries
Negative demand No demand Latent demand Declining demand Irregular demand Full demand Overfull demand Unwholesome demand
Negative demand nonexistent demand latent demand declining demand Irregular demand full demand overfull demand unwholesome demand
Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.
the 4 characteristics of business demand are derived demand, fluctuating demand, stimulating demand and finally demand elasticity!
There are three kinds of demand. 1. price demand 2. Income demand 3. cross demand.
Perfectly elastic demand. Relative elastic demand. Unit elasticity of demand. Relative inelastic demand. Perfectly inelastic demand.
stochastic demand is random demand. it is determined by predictable actions and a random element.
Change in demand.
it will be in high demand
primary and secondary demand
Law of demand is the reason of the downward sloping of demand curve.Law of demand states the inverse relationship of demand of a commodity and it's price,and demand curve represents this inverse relationship of demand and price.So in this way they both are related.