Types of Demand And Supply (With Curves) - SS2 Economics Past Questions and Answers - page 1

Seasonal demand refers to the effect that changes in the seasons or weather have on the demand for a product or service. It is shown graphically by the seasonal demand curve, which is a curve that represents the relationship between the time of year and the quantity demanded of a product or service. For example, demand for air conditioners and ice cream is high during the summer, while demand for winter jackets and hot cocoa is high during the winter.

Resource supply refers to the amount of resources, such as labour, raw materials, and energy, that are available to produce a product. It is represented graphically by the resource supply curve, which is a curve that represents the relationship between the quantity of resources used in production and the quantity supplied. Examples of products with resource supply include food, clothing, and construction materials.