Supply & Demand Discount Codes May 2025 - 10% OFF

Supply and demand is a fundamental concept in economics that explains the relationship between the availability of a product or service (supply) and the desire or need for it (demand). When supply exceeds demand, prices tend to decrease as producers try to sell off excess inventory. Conversely, when demand exceeds supply, prices tend to increase as producers are able to command higher prices due to scarcity. The interaction between supply and demand ultimately determines equilibrium price and quantity in a market. Changes in either supply or demand can lead to shifts in the equilibrium, resulting in changes in price and quantity. Overall, understanding supply and demand is essential for analyzing market dynamics and making informed decisions about production, consumption, and pricing strategies.

The main products of supply and demand vary across different industries and markets. Some examples include food, clothing, electronics, automobiles, and housing.