Demand and supply are on one side of the pricing equation.

Name: Demand and supply are on one side of the pricing equation.
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Question

Quizplus · Accepted Answer

Demand and supply are two sides of the pricing equation, not one. Demand represents consumers' willingness and ability to purchase goods and services, while supply represents producers' willingness and ability to sell goods and services. The interaction between demand and supply determines the price of goods and services in a market.

Demand and Supply Are on One Side of the Pricing