Supply and demand
Ainhoa Manrique Badino
Created on February 11, 2024
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Transcript
VS
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
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We can see that it reached a point of equilibrium when the value of the price was equal to the quantity.
Provides a good quantity of products
Gives good services
Reduces taxes rates
Devaluation of the currency
Increases the number of buyers
Creates aconomic markets
Law of Supply
It refers to the price with respect to the greater or lesser number of items spent.
Law of Demand
It refers to the fact that the higher the price, the lower the demand and vice versa.
If price quantity
If price quantity
If price quantity
P
Q
1
1
2
3
3
2
We call the cut-off point the equilibrium point.
Ainhoa Manrique
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