How The Law Of Supply And Demand Affect The Market In The Country

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August 09, 2022

How the law of supply and demand affect the market in the country

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

Explanation:

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