This is a draft of a script from my upcoming video series "Law of Value". Supply and Demand Some people have the mistake impression that In 2016, silver has outperformed its precious metal peers. Silver has risen about 19.6% on a year-to-date basis while gold has risen 18%. The working of the market system is governed two forces, demand and supply. These two forces play a crucial role in determining the price of a product and THE BASICS OF SUPPLY AND DEMAND. EXERCISES. 1. Consider a competitive market for which the quantities demanded and supplied (per year) at various
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