Cash-back offer from April 23rd to 27th, 2024: Get a flat 10% cash-back credited to your account for a minimum transaction of $50.Post Your Questions Today!
In microeconomics, supply and demand is a monetary model of value assurance in a market. It hypothesizes that, holding all else equivalent, in a focused market, the unit cost for a specific product or service, or other traded thing, for example, work or fluid monetary resources, will shift until it settles at a point where the amount requested (at the present cost) will rise to the amount provided (at the present value), bringing about a financial balance for cost and amount executed.
Some of the factors that influence the supply of a product are described as follows:
i. Price
Refers to the main factor that influences the supply of a product to a greater extent. Unlike demand, there is a direct relationship between the price of a product and its supply. If the price o...
The benefits of buying study notes from CourseMerits
Assurance Of Timely Delivery
We value your patience, and to ensure you always receive your homework help within the promised time, our dedicated team of tutors begins their work as soon as the request arrives.
Best Price In The Market
All the services that are available on our page cost only a nominal amount of money. In fact, the prices are lower than the industry standards. You can always expect value for money from us.
Uninterrupted 24/7 Support
Our customer support wing remains online 24x7 to provide you seamless assistance. Also, when you post a query or a request here, you can expect an immediate response from our side.
