Matt Witt's History Podcast

Chapter 21 Lesson_Demand and Supply


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Two forces work together in markets to establish

prices for all the goods and services we buy. They are

demand—the desire, willingness, and ability to buy

a good or service, and supply—the quantities of a

good or service that producers are willing to sell at all

possible market prices.

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Matt Witt's History PodcastBy Matt Witt