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supply and demand
01
the relationship between the amount of goods or services that are available and the amount that people want to buy, especially when this controls prices
Example
Economists analyze supply and demand equations to forecast market trends and price changes.
In his lecture, the professor emphasized the mundane aspects of economics, such as supply and demand, rather than delving into abstract theories.
Balancing supply and demand is essential for an economically stable market.
Beispiel
Economists analyze supply and demand equations to forecast market trends and price changes.
In his lecture, the professor emphasized the mundane aspects of economics, such as supply and demand, rather than delving into abstract theories.
Balancing supply and demand is essential for an economically stable market.
The teacher used a simple model to demonstrate how supply and demand affect prices.
The concept of supply and demand is elementary in economics, serving as a fundamental principle.
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