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  • Supplydemand

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    Adil Bensellam
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    The law of supply and demand explains the relationship between sellers and buyers of a resource. It defines how the availability of a product (supply) and the desire for that product (demand) affect its price. Generally, low supply and high demand increase price, while high supply and low demand decrease price.

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    The law of supply and demand explains the relationship between sellers and buyers of a resource. It defines how the availability of a product (supply) and the desire for that product (demand) affect its price. Generally, low supply and high demand increase price, while high supply and low demand decrease price.

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    © All Rights Reserved
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    26 visualizzazioni1 pagina

    Supplydemand

    Caricato da

    Adil Bensellam
    The law of supply and demand explains the relationship between sellers and buyers of a resource. It defines how the availability of a product (supply) and the desire for that product (demand) affect its price. Generally, low supply and high demand increase price, while high supply and low demand decrease price.

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    © All Rights Reserved
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    di 1

    Law of Supply and Demand

    REVIEWED BY JIM CHAPPELOW

    Updated Sep 29, 2019


    What Is the Law of Supply and Demand?
    The law of supply and demand is a theory that explains the interaction between
    the sellers of a resource and the buyers for that resource. The theory defines
    what effect the relationship between the availability of a particular product and
    the desire (or demand) for that product has on its price. Generally, low supply
    and high demand increase price and vice versa. Perfect examples of supply and
    demand in action

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