The basic concepts of demand and supply

Contributed by:

Steve Fri, Jan 21, 2022 04:33 PM UTC

This booklet covers the basics of demand and supply. It is the main model of price determination used in economic theory.

1. Supply and Demand

2.

3.

4. Supply
• How much of something that is
available.

5. Demand
• How much of something that people
want.

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Tags

Social Studies - Grade 3 - United States Supply and Demand Social Studies