Supply and Demand indicator
Arichive : Supply and Demand indicator
In economics, supply and demand refers to the connection between the amount of a product that producers want to sell at various prices and the amount that consumers want to purchase. It is the primary price determination model used in economic theory. The combination of supply and demand in a market determines the price of a commodity. The resultant price is known as the equilibrium price, and it symbolizes an agreement between the good’s producers and customers. The quantity of an item provided by producers equals the quantity sought by consumers in equilibrium.
