Supply And Demand

Today, as I were reading a section from the Economics of Today and Tomorrow Book in my Economics class I learned that Supply is the amount of a good or service available for purchase at a any given price. And Demand is the willingness and ability people have to purchase certain goods and services they either need or want, and is the amount that a person is will want to buy at a given price which is more likely at a lower price, and if the price increases the quantity of the product they are willing to buy will decrease.

Two things that I learned about the oil quiz are...


supply
Define supply and demand in your own words and 2) Share something interesting or surprising from the oil quiz.