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Supply And Demand

Finance and Accounting

Supply and demand is a foundational economic concept describing the relationship between the availability of a good or service (supply) and the desire for it among buyers (demand), which together determine market price and quantity. Economists, business analysts, and policymakers use this framework to forecast market behavior, set pricing strategies, and understand shortages or surpluses. It underlies virtually all market-based economic analysis and business planning.

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