Question

Create an economic model taking in to account all the necessary steps of model information for the following idea
In a cloth market the demand (Qd) for cloth is dependent upon texture (T)or session(S) r supply Qs is depnedent upon the yard( Py) and the price of per meter cloth(Pm)

Answer 1

Demand for market cloth increase with session and texture while supply increase with increase in yard and reduction in price per meter.