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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
 (book)
by John Sloman, Keith Norris, Dean Garrett
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| Language: | English |
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