catiasalinas943 catiasalinas943
  • 06-07-2022
  • Advanced Placement (AP)
contestada

Explain how supply change and affect price

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hashimzahid2008
hashimzahid2008 hashimzahid2008
  • 07-07-2022

Answer:

The law of supply and demand is an economic theory that explains how supply and demand are related to each other and how that relationship affects the price of goods and services. 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

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