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Baraq

Demand refers to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service. Hence, demand is to consumer, supply is to the producer.

What is supply?

Supply is the amount of a resource that organization, producers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual.

Which belongs to Demand or Supply?

Below are the divisions;

Demand side

  • Temporary Assistance to the Needy Families
  • Property tax abatement for a corporate production facility
  • Tax incentives for research and development spending
  • Tax rebate to producers on new factories

Supply side

  • Food stamps
  • Unemployment compensation
  • Tax cut for wage earners
  • Government - subsidized housing for low income families
  • Jobs program for unemployed workers to build roads
  • Capital gains tax reduction

Therefore, the correct division is above.

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