Here we are learning, learning economics
It's demand and supply
We knew you think it's hard
We knew it all along
Don't worry here we are *
Supply is how much producers are able to offer
Demand is the amount of products that consumers are willing Reff:
And when the price up, the demand goes down
The supply will always be increasing
And when the price down, the demand goes up
The supply will always be decreasing OOHHH~~OOHHH~~OOHHH~OHHHH~OHHHH
OOHHH~OHHHH~OHHHH Elasticity, measure the quantity of the good price factors
Equilibrium, when supply interacts with demand in a way *
Supply is how much producers are able to offer
Demand is the amount of products that consumers are willing Reff:
And when the price up, the demand goes down
The supply will always be increasing
And when the price down, the demand goes up
The supply will always be decreasing OOHHH~~OOHHH~~OOHHH~OHHHH~OHHHH
OOHHH~OHHHH~OHHHH If only the price that change the quantitiy of the goods
Ceteris Paribus...
And if all the other things are considered as constant it's called
Ceteris Paribus... Reff:
And when the price up, the demand goes down
The supply will always be increasing
And when the price down, the demand goes up
The supply will always be decreasing And when the price up, the demand goes down
The supply will always be increasing
And when the price down, the demand goes up
The supply will always be decreasing OOHHH~~OOHHH~~OOHHH~OHHHH~OHHHH
OOHHH~OHHHH~OHHHH