Race Result Details |
Racer | locked in (g1_petroleum) |
Race Number | 50530 |
Date | Sun, 22 Dec 2024 18:49:10 |
Speed |
186 WPM
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Accuracy | 100% |
Rank | 1st place (out of 2) |
Text typed:
Demand is related to wants. If goods and services were free, people would simply demand whatever they wanted. Such wants are virtually boundless: perhaps limited only by people's imagination. Supply, on the other hand, is limited. It is related to resources. The amount firms can supply depends on the resources and technology available.
—
Essentials of Economics
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