what is the difference between demand and supply?
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Originally Answered: What is the difference between demand and supply? Demand- It is the desire of a buyer and his ability to pay for a particular commodity at a specific price. Supply- It is quantity of a commodity which is made available by the producers to its consumers at certain price.
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"quantity demanded" refers to the entire curve while "demand" refers to a particular price-quantity combination on the curve. ... "demand" refers to the entire curve while "quantity demanded" refers to a particular price-quantity combination on the curve.
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A demand curve shows the relationship between quantity demanded and price in a given market on a graph. ... A supply curve shows the relationship between quantity supplied and price on a graph. The law of supply says that a higher price typically leads to a higher quantity supplied.
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The difference between supply and quantity supplied When economists refer to quantity supplied, they mean only a certain point on the supply curve, or one quantity on the supply schedule. In short, supply refers to the curve, and quantity supplied refers to a specific point on the curve.
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Demand is the desire of a buyer and his ability to pay for a particular commodity at a specific price. Supply is the quantity of a commodity which is made available by the producers to its consumers at a certain price. ... When supply increases demand decreases, i.e. inverse relationship.
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A demand curve shows the relationship between quantity demanded and price in a given market on a graph. The law of demand states that a higher price typically leads to a lower quantity demanded. A supply schedule is a table that shows the quantity supplied at different prices in the market.
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The Supply Chain implies large stocks in case there is demand. Demand Chain on the other hand relates to the customer demanding products or services as and when they are required which is referred to as a pull. This process is called demand driven where customers demand products and services promptly.
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Difference between extension of demand and increase in demand. Extension of demand refers to increase in quantity demanded due to decrease in own price of the commodity while increase in demand refers to increase in quantity demanded even when own price of the commodity is constant.
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As nouns the difference between demand and claim is that demand is the desire to purchase goods and services while claim is a demand of ownership made for something (eg claim ownership, claim victory).
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When used as nouns, demand means the desire to purchase goods and services, whereas request means act of (with the adposition at in the presence of possessives, and on in their absence). When used as verbs, demand means to request forcefully, whereas request means to express the need or desire for.
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Supply-side and Demand-side economics are both a theory in economics that promote growth. Demand-side deals with consumers while Supply-side deals with suppliers. One is not better than the other. They are used best when there is a mix of both.
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A demand curve shows the relationship between quantity demanded and price in a given market on a graph. ... A supply schedule is a table that shows the quantity supplied at different prices in the market. A supply curve shows the relationship between quantity supplied and price on a graph.
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Content: Demand Vs Supply Demand is the desire of a buyer and his ability to pay for a particular commodity at a specific price. Supply is the quantity of a commodity which is made available by the producers to its consumers at a certain price. When demand increases supply decreases, i.e. inverse relationship.
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As nouns the difference between supply and source is that supply is (uncountable) the act of supplying while source is the person, place or thing from which something (information, goods, etc) comes or is acquired.
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Quantity Demanded vs Demand In economics, demand refers to the demand schedule i.e. the demand curve while the quantity demanded is a point on a single demand curve which corresponds to a specific price.
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Demand is the relationship between prices and the quantity of this product or service that people want at each of these prices. Quantity demanded refers to one particular point on the demand curve.
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When used as nouns, demand means the desire to purchase goods and services, whereas request means act of (with the adposition at in the presence of possessives, and on in their absence). ... Demand as a noun: The desire to purchase goods and services.