Relate to the previous task also define for both examples

Reference no: EM1336965

Exemplify demand and supply.

Give example of two goods (or, services) from your everyday life. One of the goods should be of higher demand than supply; the other good should show higher supply than demand.Examples may vary, i.e. from healthy food to pocket watches.
Relate to the previous task and define for both examples the current market situation - Surplus or Shortage.

Reference no: EM1336965

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