How Supply and Demand influences Business

How Supply and Demand influences Business.

Introduction Supply and demand are significant in every business decision that is made. It affects what is purchased. How a business will price a product. Objectives, explain the meanings of supply and demand, how it influences our economy. How it has a local impact. You will also be explaining what a supply curve is and what a demand curve is and how it will affect equilibrium price. Businesses are affected by supply and demand in how they chose to make decisions and explain why, how, and what affects their decisions. Methods The objective is to get a clearer understanding on business decisions and how supply and demand relates directly to material prices and the amount of material available.

How Supply and Demand influences Business

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