Variables that Affects the Supply and Demand Curve (Coursework Sample)
examples of variable that affects the supply curve and variable that affects the demand curve
and a product or services that is used in everyday lives and how the supply or demand of this product might be changed.
Supply and Demand Curve
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Supply and Demand Curve
The demand and supply are vital economic variables that seek to achieve equilibrium for goods and services consumed and produced by customers and producers respectively. Frequently, their graphical presentation comes in handy in the understanding of various market dynamics. Overall, these two parameter curves are impacted by various variables. For instance, consumers' income and the cost of production of services and goods significantly affect demand and supply curves, respectively.
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