Supply refers to the quantity of a particular product or service that producers are willing and able to provide to the market at various price levels. It typically increases as the price of the product or service rises, indicating a positive relationship. On the other hand, demand refers to the quantity of a product or service that consumers are willing and able to purchase at different price levels. Demand generally decreases as the price of the product or service increases, demonstrating an inverse relationship. In summary, supply focuses on the producers' side, indicating how much they are willing to produce and sell, while demand focuses on the consumers' side, indicating how much they are willing to purchase at different prices.
