1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
amid [387]
3 years ago
8

How do supply and demands work together to influence the price of a product​

History
2 answers:
Leno4ka [110]3 years ago
5 0
Supply is how much there is of a product. Demand is how much the product is wanted or needed by consumers. When supply is low, & demand for the product is high, it forces the price to go up.
evablogger [386]3 years ago
5 0

Answer:

Explanation:

It's a fundamental economic principle that when supply exceeds demand for a good or service, prices fall.  If there is an increase in supply for goods and services while demand remains the same, prices tend to fall to a lower equilibrium price and a higher equilibrium quantity of goods and services.

You might be interested in
Disputes between Roman and non-Roman citizens were settled by______ .
Alex_Xolod [135]
Answer: Law of Nations.
3 0
2 years ago
Why did factory owners do to prevent unions from forming?
Rudiy27
They paid off union leaders
4 0
3 years ago
Read 2 more answers
What is the written script of the Mesopotamian people’s called
mr Goodwill [35]
They called it cuneiform
8 0
3 years ago
Define subsistence farming
Nina [5.8K]
Subsistence agriculture occurs when farmers grow food crops to feed themselves and their families. In subsistence agriculture, farm output is targeted to survival and is mostly for local requirements with little or no surplus trade.
4 0
3 years ago
Read 2 more answers
Why were the relics of saints important to the people in the Middle Ages?
Helen [10]
Because the Scientific Revolution and the Reformation Era had not happened yet and people blindly followed the church's teachings.
6 0
3 years ago
Other questions:
  • an accurate relationship between these English and American political doctrines in terms of structure and purpose?
    13·1 answer
  • Which of the following items determine whether a good a service has elastive demand ? Choose as many as apply
    14·1 answer
  • What French town was virtually destroyed during the Allied advance from Normandy despite its population’s sympathy for the Allie
    9·1 answer
  • Do you think that monroe doctrine was justified?why or why not?
    5·1 answer
  • 13) The Dawes Severalty Act of 1887 was created to
    13·2 answers
  • What is the capital of japan???
    15·2 answers
  • Explain how Pres. TYLER got along with his own Whig Party.
    15·1 answer
  • SS (CW) War Strategy Before 1776
    15·1 answer
  • Read the passage and answer the question.
    8·1 answer
  • Which statement about the spread of communism is true?
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!