Jadabox203
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Explain in detail the law of supply and demand and the factors that affect both supply and demand in the economy

Sagot :

Explanation:

Generally, as price increases, people are willing to supply more and demand less and vice versa when the price falls. The theory is based on two separate "laws," the law of demand and the law of supply. The two laws interact to determine the actual market price and volume of goods on the market

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