How Supply & Demand Works – Quinsee & Dunn
Supply alludes to the amount of an asset that is obtainable while demand is the quantity of an asset that people are willing to buy. Two fundamental economic concepts are integrated into the law of supply and demand to explain how changes in the price of a resource, good, or service impact its supply and demand. Supply grows as the price rises, but demand declines. In contrast, as the price falls, supply is constrained and demand is increased. To know more about these concepts then join our course, to achieve a better understanding of how supply and demand work together within markets.
