Demand and supply are on opposite sides of the pricing equation.

Question

Quizplus · Accepted Answer

This is true because demand represents the quantity of a product or service that consumers are willing to buy at any given price, while supply represents the quantity of a product or service that producers or suppliers are willing to sell at any given price. As demand increases, prices tend to rise, while as supply increases, prices tend to fall. This creates a market equilibrium where the price of a product or service is determined by the intersection of the supply and demand curves.

Demand and Supply Are on Opposite Sides of the Pricing