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The law of supply and demand states that when the demand for an item or service is greater than the supply of that item or service, the price goes up, but when the supply of an item or service is greater than the demand for that item or service, the price for that item or service goes down. That is why scalpers can sell tickets to the World Series for more than the original price, since there are more people who want to attend (demand)than there are tickets (supply).
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∙ 11y ago
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Law of demand and supply?
Consumers is the law of supply and demand.
What is demand and law of demand?
The law of demand is that when you demand something you MUST say please and thank you, it's the law.
What is supply relationships?
I take it you mean what is the relationship of supply and demand. As the supply goes up the price will come down. As the demand goes up the price will go up. If the supply and demand are in balance the price will stay the same.
Why does the law of demand hold?
why does the4 law of demand holds
Example of law of demand?
marketing is a great example of law of demand
Law of demand and supply?
Consumers is the law of supply and demand.
What According to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
When according to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
Law of supply and demand which one starts?
In the law of supply and demand, the first to start is the demand as customers are wanting the particular service or product that is being offered.
Law of economics?
Supply and demand.
What does the law of demand suggest that most demand curves will be?
The law of supply predicts the supply curve will be upward sloping.
What is a sentence with the words supply and demand?
Weekly sales ads are subject to the law of supply and demand.
The law of supply and demand states that the greater the demand for a limited supply of something?
the more it worth
What is general law of demand?
The general law of demand is that as demand increases, so will prices. This is half of the law of supply and demand. As supply increases, prices fall. So price depends upon a balance between supply and demand. This was originally pointed out by Adam Smith, in his book "The Wealth Of Nations".
How does the law of supply and demand increase and decrease in supply?
ty
Why does law of demand and law of supply conflict with each other?
It's the law of supply and demand, as described by Adam Smith in his book "The Wealth Of Nations". Just one law, no conflict.
Examples of Law of Supply and Demand?
ebay
