Microeconomics in English
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| Demand | Supply | demand VS supply | Economics in English |
Demand VS Supply
Demand
and Supply are the basic topics of economics but both are absolutely opposite
forms. Demand is related to consumers and supply is related to producers. We will
differentiate between demand and supply in this lecture. In this lecture you
will see that:
1. Demand is term related to the customer
and supply is the term related to the suppliers.
2. Demand side wishes the prices to be at lowest
rate but supply side wishes it to be higher & higher.
3. Relationship between price and demand
is always negative but it is positive in other side.
4. The demand curve is always negative
but the supply curve is always positive.
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