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They rise. Supply & demand.

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Q: What happens to prices when demand is greater than suply?
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What is the supply and demand theory?

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What are the characteristics of classical economics?

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Suply and demand?

Supply And Demand.Demand:- it consists of two components 1. Desire. 2. Ability.the desire component is important in the sense that only having desire for a product or service does not create demand for a product. The desire should accompany the ability component to create demand for a product and service. Therefore, we can say that demand is willingness and ability to buy something.Supply:- it means the availability of a product and service in the market.According to the law of demand and supply, when demand increases, supply shrinks which leads to increase in prices.


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Why monopoly has no suply curve?

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