Economics Basics: Demand, Supply & Equilibrium
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Economics Basics: Demand, Supply & Equilibrium
How do prices change in a market? 🤔 Every product we buy is influenced by the relationship between: 🛒 Demand — how much consumers want to buy 🏭 Supply — how much sellers are willing to offer ⚖️ Equilibrium — the point where demand and supply are balanced When supply is higher than demand, sellers have extra products, so ...
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