ekglanville2003 ekglanville2003
  • 01-02-2021
  • Social Studies
contestada

How do supply and demand work together to influence the price of a product

Respuesta :

j7524445
j7524445 j7524445
  • 04-02-2021

Answer:

The law of supply and demand is an economic theory that explains how supply and demand are related to each other and how that relationship affects the price of goods and services. It's a fundamental economic principle that when supply exceeds demand for a good or service, prices fall. When demand exceeds supply, prices tend to rise.

Explanation:

Answer Link

Otras preguntas

Read the sentence. Which statement best describes what a student can learn by analyzing the relationship between the two underlined words? When Milo had chicken
An appliance store sells a washer-dryer combination for $2650. If the washer cost $425 more than the dryer, find the cost of each appliance
Find the value of x. pls help! tysm
What evidence supports the cartoonists perspective about testing?
Find the eighth term of the geometric sequence, given the first term and common ratio. a1=6 and r=-1/3 PLEASE HELP
Can I have some help here?
The competitive exclusion principle states that A) two species cannot coexist in the same habitat. B) competition between two species always causes extinction o
math Simplify the expression ​
Art final exam study guide question. SO plz help me Why has the definition of what art is changed since 1900? Give reasons
Which transformation is a rigid transformation?