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4. How can the forces of demand and supply , the theory and principles help in analyzing philippine econimic problem?​

Sagot :

Answer:

Supply and demand are both very important to economic activity. Supply is the total amount of a particular good or service available at a given time to consumers at a given price.

Demand is a representation of a consumer's desire to purchase goods and services; it acts as a measurement of a consumer's willingness to purchase a specific good or service at a given price. These two economic forces influence each other; they are both important for the economy because they impact the prices of consumer goods and services within an economy and the quantities produced and consumed.

Explanation:

Base on my notes