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

Reflect D(3,3) E(0,5) and F(-2,2) on the x axis and then lable them D' E' and F'​
Find the area of the trapezoid
Simplify each expression -7x+4(1+x)
can someone please help me i would just need the answer
Describe the steps that occur in the process of fission.
The perimeter of a rectangular painting is 304 centimeters. If the length of the painting is 95 centimeters, what is its width?
Select all of the coefficients in the expression. 12xy^3 + 2x^5y + 4x^5y^2 + 7x^5y. A. 2 B. 3 C. 4 D. 5 E. 7 F. 12
if the binomial (x+y)^7 were expanded, what would be the coefficient of each term?
Someone help idk how to answer
A student bought artichokes for 8.40, cucumbers for 2.88, lettuce for 4.65, tomatoes for 1.15, and broccoli for 2.50. Find a reasonable estimate of the total a