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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)

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Q: What is supplyand demand?
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