Thursday, April 29, 2010

Supply and Demand


Supply means how much of a service or supply to sell and at what price to sell it.

Demand means when people have the willing and ability to buy something.

Something that was surprising to me when I tooked the quiz was that oil is use in many of the things that we use everyday. Another surprising thing that I didn't knew was that the U.S was one of the richest country with oil in the year of 2005.

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