This project explains the law of demand and supply with the help of diagrams for Tesco. It explains the movement caused in the law of demand and supply due to changes in price and quantity demanded/supplied. The law of demand and supply is essential for Tesco's business as it helps in determining the growth and success of the organization. The law of demand states that the quantity purchased deviates inversely towards the price of the product. The law of supply suggests that the more the price will be producers will supply increases in quantity to the market. The project also explains the movement in the demand and supply curve due to changes in price and quantity demanded/supplied.
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