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

Gary and Jill both wanted 23 stickers for a class project. There are 3 sheets of 10 stickers and 30 single stickers on the table. How could Gary and Jill each t
A rectangular porch has a width that is 7 feet less than the length. If the area of the porch floor is 120 square feet, what is the length of the width of the p
Identify twenty different types of food and discuss how they may be packaged differently for preservation or sale.
solve the equation b^2+36=0 (not 6i)
Differences between speech and thought rates
PART A: What is the meaning of “heinous” in paragraph 7?
Summary of Martin Luther King message from jail
how does deliberation help lead to a better government?
Which technique gives the reader information from the past to help explain a character's actions and reactions in a narrative?
how do you solve X=5x-10>10