Differentiate between demand and quantity demanded. Differentiate between supply and quantity supplied. Give specific examples to illustrate what you are saying. 100-200 words each.
1. Law of Demand
2. Law of Supply
Which of the following graphs best demonstrates the law of demand?
a) I
b) II
c) III
d) IV
Which of the following graphs best demonstrates the law of supply?
a) I
b) II
c) III
d) IV