In Economics there are two main things. Supply and demand. As you can see in this graph there is a meeting point this is called the equilibrium point. When the demand for something goes up the producer can sell this item for a high price and will probably make more which will increase the supply. So when in the market business the supply and demand for the supplier to make lots of money.
Showing posts with label equlibrium point. Show all posts
Showing posts with label equlibrium point. Show all posts
Wednesday, May 20, 2009
Supply and demmand
In Economics there are two main things. Supply and demand. As you can see in this graph there is a meeting point this is called the equilibrium point. When the demand for something goes up the producer can sell this item for a high price and will probably make more which will increase the supply. So when in the market business the supply and demand for the supplier to make lots of money. 
Subscribe to:
Posts (Atom)
