Demand & Supply Assignment Help, Homework Help
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The Concept of Demand and Supply
1.1 Demand
The term demand refers to the quantity of goods or services that the person is willing to buy at a definite price and time.
Fig. 1.1 Determinants of Demand
1.2 Supply
Fig. 1.2 Determinants of Supply
The term supply means the quantity of goods that the supplier is willing to offer for sale at definite price and time.
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