amirrahjohnsonross
Answered

Discover a wealth of knowledge at Westonci.ca, where experts provide answers to your most pressing questions. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

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

Sagot :

oviaarian

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:

hope this helps. ^_^

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.