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SS.912.E.1.4

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alazea cruz

on 10 November 2016

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Transcript of SS.912.E.1.4

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supply and demand
Demand
Demand is an economic principle that describes a consumer's desire and willingness to pay a price for a specific good or service.
quantity supplied
the amount of a good that sellers are willing to sell and are able to sell. Willingness is generally a function of price.
Quantity demanded
a term used in economics to describe the total amount of goods or services demanded at any given point in time.
supply
stock of a resource from which a person or place can be provided with the necessary amount of that resource.
demand
quantity supplied
supply
illustrations
Alazea cruz
SS.912.E.1.4
Q
Quantity demanded
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