Extension: Create a scenario in which the demand is high and the supply is low.

Social Studies

1 answer:

Diano4ka-milaya [45]3 years ago

7 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. There is an inverse relationship between the supply and prices of goods and services when demand is unchanged.

Explanation:

hope this helps. ^_^

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