Supply and demand are integral parts of any economy, and no less so to our national economy. Being a market economy, supply and demand is determined from the consumer base and not by a government. The greatest part of supply and demand is the numbers behind it. Seeing all the graphs and number charts really cause you to step back and look at how truly huge and intertwined it is. If steel became an incredibly expensive item, then many industries would suffer from a lack in this incredibly widely used metal. Stocks would fall and almost every aspect of life would be changed if steel became rarer.
What goods or services do you think that could lead to a massive chain reaction in the economy? What aspects of life do you think would affected by this good or service being changed from the norm?
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