Supply and Demand Brilliant Math & Science Wiki

Supply and demand (sometimes called the "law of supply and demand") are two primary forces in markets. The concept of supply and demand is an economic model to represent these forces. This model reveals the equilibrium price for a given product, the point where consumer demand for a good at various prices meets the price suppliers are willing to accept to produce the desired quantity of that good. Supply and demand graphs help show …

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Supply and Demand Brilliant Math & Science Wiki

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Supply and Demand Brilliant Math & Science Wiki