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Süžeeskeem Tekst

  • Price
  • And there, it says that my package will be delivered within 4-7 business days
  • Demand
  • 
  • I wouldn't count on that 
  • Price
  • What do you mean? It says right here 4-7 business days. What? Did they run out of people to bring me the product?
  • 
  • Supply
  • 
  • Absolutely
  • Sort of. We call this aspect of supply and demand, the supply as you the consumer demand goods and services, firms supply them to make a profit. There are some aspects however that effect the relationship between demand and supply.
  • Price
  • S2
  • S1
  • Ok, but i'm confused on how this supply and demand stuff works. Can you explain?
  • This is your typical supply and demand graph. One arrow to represent each concept
  • 
  • Supply
  • Quantity
  • This graph shows us how a change in demand affect price. As demand increases and there is no increase/decrease in supply, then price will go up as well.
  • Demand 1
  • Demand 2
  • Quantity
  • Now this graph shows us if demand increases and supply decreases, prices will be higher. This graph prefectly illustrates the economic crisis that the United States faces during the COVID-19 pandemic
  • Demand 1
  • Demand 2 
  • Quantity 
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