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Demand and Supply - Coggle Diagram
Demand and Supply
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Determinants of demand
Internal
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- Service policies or terms of payments
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Law of demand
Demand is the ability and willingness to buy specific quantities of goods in a given period of time at a particular price.
What is supply?
Supply is defined as the ability and willingness to sell or produce a particular product and services in a given period of time at a particular price.
Exceptional demand
The opposite of the Law of Demand where as price increases, demand will also increase and vise versa.
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