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Who created supply and demand?

Updated: 8/23/2023
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12y ago

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ha well nobody nows apart from god which is allah

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11y ago
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Q: Who created supply and demand?
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What is the supply and demand and who created the theory?

glo gang GBE


What is the supply and demand theory and who created it?

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What is the demand and supply gap of paper cups and paper bags?

Demand is high due to more awareness being created on the pollution. Supply to be studied


Is demand needed in equilibrium?

Yes. Equilibrium is created at the intersection of the Demand curve and Supply Curve. Equilibrium can be shifted if the Demand curve increases or decreases, and the same happens when the Supply curve increases or decreases. Without demand, you would just have a Supply curve.


What came first supply or demand?

Sometimes supply, sometimes demand. Certain items are invented before there is a great demand for them. EX: a piano. Other items are created because there is a great demand already. EX: the automobile.


Demand rises and supply is constant?

No. If demand rises, then supply falls. Transveresly, if demand falls, then supply rises.


What happens if there is not enough supply for the demand?

If there is not enough supply for the demand, the demand won´t be able to buy the supply


Law of demand and supply?

Consumers is the law of supply and demand.


Sentence with supply and demand?

Her supply of tight sweaters increases the demand for her as a date on the weekend.


What happens if theres more demand than supply?

When there is more supply than demand, there is commonly a drop in price of the product in an effort to increase the demand and achieve the equilibrium between supply and demand once again. Supply and demand are like a see-saw. As supply goes down, demand goes up; as demand goes up, supply goes down.


What happens if there is more supply than demand?

When there is more supply than demand, there is commonly a drop in price of the product in an effort to increase the demand and achieve the equilibrium between supply and demand once again. Supply and demand are like a see-saw. As supply goes down, demand goes up; as demand goes up, supply goes down.


Why demand curve slops downward from left to right?

The demand / supply graph is designed to have supply on the vertical axis (Y) and demand on the horizontal (X). Thus you will have a higher supply = lower demand, or lower supply = high demand.