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Essay text:
Supply represents how much the market can offer. The quantity supplied refers to the amount of a certain good producers are willing to supply when receiving a certain price. The correlation between price and how much of a good or service is supplied to the market is known as the supply relationship. Price, therefore, is a reflection of supply and demand. The relationship between demand and supply underlie the forces behind the allocation of resources.
With demand and supply: Many factors get decided on the basis of their demand and supply like: Inflation rates, prices of services and product, GDP of a country, Tax rate, and employment rate...
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