sophia0 sophia0
  • 23-05-2019
  • Business
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Which of the following correctly describes the relationship between supply and demand

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mboggs132
mboggs132 mboggs132
  • 23-05-2019

The law of supply shows us that the higher the price, the higher in numbers the product will be supplied or stocked. This is done because selling more product at a higher price creates more revenue. The relationship of supply and demand is: The more a product is in demand the more it will be supplied but price will rise with it.

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