"how buyers will cut back or increase their demand when price rises or falls"
Explanation:
Hence the word elasticity.
Demand is defined by the number of people who buy your product during a certain period of time. It fluctuates greatly.
Cheaper prices will usually bring a lot more demand to a product, and increasing prices lowers demand. Businesses usually raise or lower prices depending on how much supply they have.
Hopefully this helps, I took business entrepreneurship this year in High School so we learned all about supply and demand.
<h2>ANSWERS:</h2><h3>•Raise your artworkprices.</h3><h3>•Include testimonialsin your marketingmaterials.</h3><h3>•Talk about the benefitsand solutionsof your art.</h3><h3>•Offer bonus items with your artwork.</h3><h3>•Offer a great guarantee.</h3><h3>•Handle your art with care.</h3><h3>•Promote your value as an artist.</h3><h3>WHAT ARE THE 10WAYS OF MARKETING ARTWORK?</h3><h3>•Start a blog.</h3><h3 /><h3>•Join a Social media network.</h3><h3>•Create your own videos.</h3><h3>•Guest post on other blogs.</h3><h3>•Join and participateon Online forums.</h3><h3>•Publish Free ebooks.</h3><h3>•Submityour blog to articledirectories.</h3><h3>•Make commentson other art blogs.</h3><h3>ANSWEREDBY:ItzMeJane ✨✨✨</h3>
