Supply and demand
To start off supply and demand is:
an explaination for how the availability of any product can affect the pricing
an economic concept.
a system used by sellers to gain the maximum amount of money
High supply=decrease in demand since the product is avalible in many stores= lower prices so people will buy the product in that store
Low supply=increase in demand because the quantity is limited=increase in price because sellers know people will pay extra for a limited supply but they can't make it too expensive where no one is willing to pay that much
As an example, let’s take the water problem in São Paulo. The water quantity is very low in this country, and has a high demand because there is not enough for everyone.
There is a point where the supply and demand meet called the equilibrium. They have enough supply for everyone, but it isn’t the main product people are looking for. In summery, supply and demand is how our economy is balanced in terms of sales and profits
How can we balance