Question

Suppy and demana Shirts

Answer 1

Answer:

If supply of a product increases, its price decreases while if demand of the product increases, its price increases.

Explanation:

Input prices of products, subsidies and government taxes are the factors that cause shifts in supply and demand. If the input prices are high so the price of products becomes high which decreases its demand and if their prices are low, the demand increases. If high taxes are imposed on commodities so its price increases and demand decreases while subsidies on different products increases the demand due to low price of the product.