Demand is how people decide to waste there money also in what well they waste there money on meaning that they have the choice or decision on how to waste there money and on what kind of things they'll waste it on.
Supply is how much do you need of it and what price do you need to sale it on.
On the test we took on http://www.thatquiz.org/ it helped me learn a couple of things like the largest oil producers are Iran, US, Mexico, Norway and Venezuela, but in 2006 the products dropped for these countries.
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