Economics is about choices and also about helping you make better choices. Given every decision can be an economics decision, economics can be your superpower. Therefore, understanding the law of supply and demand is the basis for this. Understanding the law of supply and demand is key.
Watch the following video to understand more about Supply and Demand:
What is Supply and Demand?
After reviewing your text, in addition to the information and videos above,
Please respond to the following question:
1. How does the law of supply and demand impact you, your family, and/or your business?
2. What is equilibrium?