On the left this is a picture of a suppli and demand graph explaing what supply and demand is.Supply and demand is aneconomic model based on price,utility and quantity supplied by producers.resulting in an economic equilibrum of price and quantity.The model incorporates other facrtors changing equilibrum as a shift of demand and/or supply.
Wednesday, May 20, 2009
Supply & Demand
On the left this is a picture of a suppli and demand graph explaing what supply and demand is.Supply and demand is aneconomic model based on price,utility and quantity supplied by producers.resulting in an economic equilibrum of price and quantity.The model incorporates other facrtors changing equilibrum as a shift of demand and/or supply.
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