Extension: Create a scenario in which the demand is high and the supply is low.

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08-02-2021
Social Studies

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Extension: Create a scenario in which the demand is high and the supply is low.

Sagot :

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oviaarian oviaarian · Answer 1 · 2021-02-08T14:59:41-05:00

oviaarian oviaarian

08-02-2021

Answer:

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

Explanation:

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