Demand and Supply

What is demand and supply?

The difference between demand and supplyDemand and supply is a fundamental concept in economics.

In a market, the forces of demand and supply interact to create the ‘price mechanism ‘. This is the way a market economy works.

Now learn more with these free resources and access to low cost business tutorials.

17

Oct'18

The Conditions of Demand and Supply

Economics is about human behaviour and consumers factor many things into their decisions to purchase goods and services. Demand The law of demand states that consumers will demand more of a good at lower prices. This means there is an inverse relationship between price and quantity demanded. Conditions of Demand …

Read More

17

Oct'18

Introductory Microeconomics Questions

These introductory microeconomics questions and answers will help you with your accounting study so you succeed. Move through the microeconomics questions and answers in order, so you go through the important introductory concepts in sequence. Take advantage of the links to the low cost tutorial topics with videos and quizzes so …

Read More

19

Mar'18

What is Demand and Supply?

What is Demand and Supply? Demand and supply is a fundamental concept in economics. In a market, the forces of demand and supply interact to create the ‘price mechanism‘. This is the way a market economy works. Demand comes from the buying (consumer) side of a market, whilst supply is …

Read More