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n200080 [17]
2 years ago
8

How does supply and demand of goods and services affect Louisiana's economy

Social Studies
1 answer:
Sedaia [141]2 years ago
5 0

Answer:

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. ... However, when demand increases and supply remains the same, the higher demand leads to a higher equilibrium price and vice versa.

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