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Explain who and what demand and supply represent

04/10/2021 Client: muhammad11 Deadline: 2 Day

Hi please help with these

Explain who and what demand and supply represent?
What is the difference between demand and quantity demanded, and supply and quantity supplied?
What are the Law of Demand and the Law of Supply, and explain why price and quantity demanded are inversely related, and why price and quantity supplied are directly related?
List the major determinants of demand, and explain how a change in each will affect the demand curve.
List the major determinants of supply, and explain how a change in each will affect the supply curve.
Explain the concept of equilibrium price and quantity.
What is productive and allocative efficiency, and explain how competitive markets achieve them.

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