OFFER AND DEMAND IN COLOMBIA

OFFER AND DEMAND IN COLOMBIA..

Supply and demand: The system of market economy, to develop its functions, rests on the free play of supply and demand. We are now going to focus on the study of supply and demand in a market for a given good. Let us suppose that the plans of each buyer and each seller are totally independent of those of any buyer or seller. In this way we make sure that each one of the buyers 'or sellers' plans depends on the objective properties of the market and not on conjectures about possible behaviors. Of others. With these characteristics we will have a perfect market, in the sense that there is a very large number of buyers and sellers, so that each one makes transactions that are small in relation to the total volume of transactions.