Wednesday, May 20, 2009

Supply and demand

In economics we are learning about Supply and demand. This is a graph about supply and demand, the producer of the goods will want to sell the goods for as high a price as possible however the consumer will want to buy the product for as low a price as possible. the point or price where both the supplyer and consumer are happy is called the equilibrium point. For more information on supply and demand click here

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