how do changing prices affect supply and demand

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03-10-2021
Business

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how do changing prices affect supply and demand

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Aasanjuan Aasanjuan · Answer 1 · 2021-10-03T00:27:49-04:00

Aasanjuan Aasanjuan

03-10-2021

Answer:

Increased prices typically result in lower demand, and demand increases generally lead to increased supply. However, the supply of different products responds to demand differently, with some products' demand being less sensitive to prices than others.

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how do changing prices affect supply and demand

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