3 years ago

How can a change in demand for a product affect the products price?

History

2 answers:

katovenus [111]3 years ago

7 0

Answer:

if the demand is higher the price may increase and if there is low demand it would likely decrease

Explanation:

nikklg [1K]3 years ago

5 0

The rule of demand and supply means that any product in high demand will increase in price as more of the product is needed but not enough of the product is made to reach the demand. This makes it possible for suppliers to increase the price.

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