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What Is Difference Between Demand And Supply?

January 24, 2024 by David Evans

What Is Difference Between Demand And Supply? Supply can be defined as the quantity of a commodity that is made available to the buyers or the consumers by the producers at a certain or specific price. Demand can be defined as the desire or the willingness of the buyer along with his ability or say

What Factors Affect Supply?

January 24, 2024 by Emily Lee

What Factors Affect Supply? What factors affect supply? Supply refers to the quantity of a good that the producer plans to sell in the market. Supply will be determined by factors such as price, the number of suppliers, the state of technology, government subsidies, weather conditions and the availability of workers to produce the good.