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Supply and demand

Ainhoa Manrique Badino

Created on February 11, 2024

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Transcript

Law of Supply

Law of Demand

VS

It refers to the price with respect to the greater or lesser number of items spent.

It refers to the fact that the higher the price, the lower the demand and vice versa.

It is the number of products that are in stock on the market compared to the quantity of these that consumers buy.

If price quantity

If price quantity

If price quantity

If price quantity

Nike Shoes

We can see that it reached a point of equilibrium when the value of the price was equal to the quantity.

We call the cut-off point the equilibrium point.

Provides a good quantity of products

Devaluation of the currency

Increases the number of buyers

Gives good services

Reduces taxes rates

Creates aconomic markets

Ainhoa Manrique