IDNLearn.com offers expert insights and community wisdom to answer your queries. Join our interactive Q&A community and get reliable, detailed answers from experienced professionals across a variety of topics.
Answer:
How does supply and demand affect prices
Explanation:
When demand exceeds supply, prices tend to rise. If there's an increase in supply for goods and services while demand runs the same, prices tend to fall to a lower equilibrium price and a higher equilibrium quantity of goods and services.