The amount of a good or service an individual is willing to purchase at a given price is known as the quantity demanded. This quantity can vary based on factors such as the price of the good, consumer preferences, income levels, and the availability of substitutes. Typically, as the price decreases, the quantity demanded increases, illustrating the law of demand.
supply
The amount of a good or service that an individual or producer is offering for sale is called the "supply." Supply refers to the total quantity of a product that producers are willing and able to sell at various prices over a given period. It is a fundamental concept in economics that helps determine market dynamics and pricing.
supply
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PRICE
supply
supply
supply
supply
The amount of a good or service that an individual or producer is offering for sale is called the "supply." Supply refers to the total quantity of a product that producers are willing and able to sell at various prices over a given period. It is a fundamental concept in economics that helps determine market dynamics and pricing.
supply
bsd
An individual that takes your money for a good or a service.
mixed economy
PRICE
Price is the amount consumers pay to acquire a good or service whereas cost is the amount used to produce a service or good. Cash is the money in your pocket.
The amount of sleep a person needs varies from individual to individual. Generally, it is good to get eight hours of sleep, though.