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Verdich [7]
3 years ago
15

What is the relationship between the price of an item and the quantity demand

Social Studies
1 answer:
Nikitich [7]3 years ago
5 0

Answer:

The Law of Supply

The Law of Demand

Explanation:

The law of supply states that the quantity of a good supplied rises as the market price rises, and falls as the price falls. Conversely, the law of demand  says that the quantity of a good demanded falls as the price rises, and vice versa.

Hope this helps :)

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