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Supply and Demand
Supply and Demand
Supply and Demand
DEMAND
Noora Al Arif
When businesses are considering
the price of their products and
services, they will often look at
supply and demand.
The amount of goods that producers are willing to supply/sell at any given
price. Virtually all cases supply increases as price increases and vice versa.
This is because producers are aiming to make profit. *If the good is sold at a
high price they will make more profit (more money in product)*. If it is sold at
a low price, they will make very little profit or even loss (less money in pocket).
Supply Examples