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State the difference between demand and supply.
Economics
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here are the answers for Question 9 and Question 10:
Question 9:
The aid to trade which gives security cover to businesses when they lose money through any accidents is insurance.
Question 10:
- Demand refers to the quantity of a good or service that consumers are willing and able to purchase at various prices. It represents the buyer's side of the market.
- Supply refers to the quantity of a good or service that producers are willing and able to offer for sale at various prices. It represents the seller's side of the market.
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