Hello! That’s my main mbin account, my kbin account is @Fitik

I’m just a regular person from Israel🇮🇱 And a Fediverse enthusiast!

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  • 22 Comments
Joined 1 year ago
cake
Cake day: October 18th, 2023

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  • Okay, can you point my mistake please? I would be happy to know how it does work then.

    Supply and demand, in economics, relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers wish to buy. It is the main model of price determination used in economic theory. The price of a commodity is determined by the interaction of supply and demand in a market. The resulting price is referred to as the equilibrium price and represents an agreement between producers and consumers of the good. In equilibrium the quantity of a good supplied by producers equals the quantity demanded by consumers.