Question

What do supply and deamnd mean jametown pls help 43 points

Answer 1

Demand refers to how much of that product, item, commodity, or service consumers are willing and able to purchase at a particular price.

Supply pertains to how much the producers of a product or service are willing to produce and can provide to the market with limited amount of resources available

Answer 2

Answer: Supply is the amount of material possesed, while the demand is the amount of need and want among a certain group of people for the material.