market and plant economy
Put your story text here... Cau3 the different between a market economy and phanned economy
- Supply is the quantity of the goods sellers willing and wish to sell at alternative price in a given time period
- demand describle how price influences buyes behavious ,while supply describle how price infuences sellers behavious
- law of supply and demand
+ demand curve shows the price influence on buyers .when price increase demand will reduce .demand cuver move to the left anh when price decrease .demand will raise .demand cuver move to the right .the change one of the shift factor of demand such as ; society 's income ,price of the goods ,taste ,expections
+ supply cuver shows the price influence on seller .when prices increase ,supply will raise ,supply cuver move to the right anh when the price decrease ,supply will reduce . the change one of the shift factor of supply such as : changes in prices , technology, taxes ,supplier' s expections
+ when quantity people want to buy is the same as the quantity people want to sell .the market will have equilibrium price
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