Demand and Supply

__________ is the number of people who want the good or service.

• Supply

• Demand

Supply is the number of products available/the number of people who are willing to provide a particular service.

• Demand

• Supply

When demand goes up and supply is not enough then price ___

Why do we buy things ?

• Cause we need them in our day to day life

  
  

• Cause we think they will make us Happy

  
  

• Both

What are the wants?

• Movies every fortnight, gaming apps

• Groceries, utility bills, insurance premiums