ekglanville2003 ekglanville2003
  • 01-02-2021
  • Social Studies
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How do supply and demand work together to influence the price of a product

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j7524445
j7524445 j7524445
  • 04-02-2021

Answer:

The law of supply and demand is an economic theory that explains how supply and demand are related to each other and how that relationship affects the price of goods and services. 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.

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