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

why did Germany violate the treaty of versailles
Stefan’s family rented a rototiller to prepare an area in their backyard for spring planting. The rental company charged an initial fee of $43 with an additiona
square root of 29-12square root of 5
describe tectonic plateau​
The function p(x) = 2(x-9)2 + 100 is used to determines the profit on T-shirts sold for x dollars. What would the profit from sales be if the proce of the T-shi
please respond asap!!!
"once you learn to ride a bicycle, you never forget" pertains to __________ memory.
what is the study of fossils and past life called.
Mateo lived in Italy during the early 1400s. He watched his family, friends, and neighbors die from the plague, but he survived. Which two outcomes would be the
On August 31, 2018, the general ledger of The Dean Acting Academy shows a balance for cash of $7,904. Cash receipts yet to be deposited into the checking accoun