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Demand and Supply Concept along with its Applications

The analysis of Demand-Supply is the most important aspect of a market economy and may be the essential basics of economics. Demand shows the amount of quantity which a customer needs while supply means how much of quantity can market offer. In the theories of market economy, the theory of Demand and Supply is the one which aids in optimal allotment of resources.

There are many laws of supply and demand which give an enhanced understanding of the demand and supply concept. In a layman's language, the law of demand can be defined as higher the price, lower the demand or lower the price and higher the demand. In the same way, the law of supply states the quantities to be sold at a particular price. This law demonstrates that to increase the revenue, the manufacturer supplies goods at higher prices. There are many economic forums and resources on the internet which can help you in learning more about the concepts of demand and supply.

The demand-supply analysis consists of many sub-concepts, like Demand and Supply relationship, Equilibrium, Excess Supply, Excess Demand, Shifts, and Movements. Our experienced tutors come from different financial backgrounds, and they have a deep insight of the practical facet of these topics, and hence we can efficiently help you with the assignments on this subject.

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