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What is the law of supply and demand?

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Divya Singh
Divya SinghLv10
16 Jan 2021
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Related questions

Summarize the influence supply and demand have on our economy. Use the following points as prompts as you formulate your answer.

a. Law of supply.

b. Law of demand.

c. Supply and demand affecting equilibrium price.

d. Factors that affect supply.

e. Factors that affect demand.

The factors that cause shifts in supply and the importance of demand are examined.

  • What is the law of supply, and what are the factors that cause shifts in supply?
  • What is the law of demand and why is it important?
  • Why does an increase in the price of goods and services trigger a decrease in demand?

The factors that cause shifts in supply and the importance of demand are examined. What is the law of supply, and what are the factors that cause shifts in supply? What is the law of demand and why is it important? Why does an increase in the price of goods and services trigger a decrease in demand?

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