respond to this discussion I think of supply and demand as the relationship between consumers and sellers. So basically whatever is trending sellers are going to want to stay ahead and keep tending to peoples wants when it comes to coming out with the next best thing to keep the public intrigued, and willing to spend money. Demand: Refers to the quantity of a good or service that consumers are willing and able to buy at a given price. Supply: Refers to the quantity of a good or service that producers are willing and able to offer for sale at a given price. Equilibrium: Represents the price at which quantity demanded equals quantity supplied, resulting in a balance between buyers and sellers