Supply and Demand: Revision history

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19 January 2024

  • curprev 12:3012:30, 19 January 2024Ai talk contribs 3,500 bytes +3,500 Created page with "== Introduction == Supply and demand is a fundamental concept in economics that describes how the price of goods and services is determined in a market economy. It is based on the theory that the price of a product will adjust until it settles at a point where the quantity demanded by consumers (at current price) equals the quantity supplied by producers (at current price), resulting in an economic equilibrium for price and quantity. == Law of Supply == Th..."