What is the difference between Supply and Demand?

ComparloCategory: BusinessWhat is the difference between Supply and Demand?
Ahmed Ibrahim asked 3 years ago

{“lhsI”:”Supply”,”rhsI”:”Demand”}

1 Answers
Safa Khodeir answered 3 years ago
[{“cellsNumber”:2,”row”:”Definition”,”lhsI”:”The%20quantity%20of%20a%20product%20or%20service%20the%20market%20can%20provide%20to%20the%20consumer.”,”rhsI”:”The%20quantity%20of%20a%20product%20or%20service%20the%20consumer%20desires%20from%20the%20market.”},{“cellsNumber”:1,”row”:”Relationship to one another”,”lhsI”:”Direct.%20i.e.%20when%26nbsp%3Bdemand%20increases%20supply%20does.%20However%3B%20if%20the%20demand%20increases%20to%20exceed%20supply%20the%20relationship%20starts%20to%20get%20reversible.”,”rhsI”:””},{“cellsNumber”:2,”row”:”Relationship to Price”,”lhsI”:”Direct.%20i.e.%20when%20supply%20increases%20prices%20increase%20due%20to%20the%20suppliers%27%20desire%20to%20make%20more%20profit.”,”rhsI”:”Inverse.%20i.e.%20when%20price%20increases%20demand%20decreases%20due%20to%20higher%20costs.”}]

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