The Law of Supply/Demand

Are you ready to learn about the law of supply and demand? 💼

It's an important economic concept that affects how we buy and sell goods and services & the price of a stock 🤑

💡Supply = amount of a product that is available for sale. 🤔

💡Demand = amount of a product that people are willing to buy. 🤓

When the supply is low and the demand is high, the price of the product will increase. 🤑

When the supply is high and the demand is low, the price of the product will decrease. 🤹‍♂️

If the supply and demand are equal, the price of the product will remain stable. 🤗

Think of it like a tug of war. 🪢

When the demand for a product increases, it's like one team is pulling harder than the other. ↗️

The price of the product is like the rope in the middle, and it goes up as the demand increases. 🤹‍♂️

Now that you know the basics, we’ll learn more about supply & demand within the stock market 🤩