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The law of demand states that the quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded.

Supply creates its own demand. The price of ability does not depend on merit but on supply and demand.

The law of demand defines that with the change in price, there will be a change in the quantity demanded.

Add Fields to the Quote Line Editor Field Set From Setup, enter Objects , and then click Objects. Click Quote Line. From the Field Sets related list, find Line Editor, and then click Edit. Add or remove fields from the field set.

Adam Smith Often referred to as the Father of Economics, Smith explained the concept of supply and demand as an "invisible hand" that naturally guides the economy.

There is a supply for every demand. A shortage is a sign that somebody is keeping the price artificially lower than it would be if supply and demand were allowed to operate freely.

Supply creates its own demand. The price of ability does not depend on merit but on supply and demand.

Adam Smith used the phrase after Steuart in his 1776 book The Wealth of Nations. In The Wealth of Nations, Smith asserted that the supply price was fixed but that its "merit" (value) would decrease as its "scarcity" increased, this idea by Smith was later named the law of demand.

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What to include on your quotationsStandard business information. This includes your company name and address, the client's details, a customer ID number and a quote number.Pricing.Any applicable taxes.Due dates.Payment terms.A 'valid until' date.Your terms and conditions (T&Cs)Space for signatures.