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What happen to people willing and ability when prices fall down?
Wiki User
∙ 12y ago
Normally,human wants are unlimited that's why they always try to use these things from which they would get more satisfaction at affordale price.And in case of the price of that products/services is high or more than their thought,then they use these products/services at minimal level.And if,the price of the same products/services is fall down/decreased,then they use these at maximal level.Beacuse,According to Economics definition, "Demand of a product/service increases, when the price of that product/service fall down or decreases and vice-versa.
Chandra Sekhar Malik
MFC(2010-2012)
In ASMIT,BBSR(Odisha).
Wiki User
∙ 12y ago
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supply
