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Explain the Supply and Demand Chart on the board to the best of your ability. Note: Getting this question wrong WILL NOT count against you

Explain The Supply And Demand Chart On The Board To The Best Of Your Ability Note Getting This Question Wrong WILL NOT Count Against You class=

Sagot :

Answer:

If prices of a product is lower, more number of product will be sold or purchase by the people.

Explanation:

Supply and demand are related to each other and have inverse relationship because if one increases the other automatically decreases. If prices of a product is lower, more number of product will be sold or purchase by the people and decrease occur when the prices become higher. If the supply of a product or commodity increases so the price of that product decreases due to its less demand while on the other hand, if the supply is decreases and the product is used on daily basis so the demand increases as well as the price so from this discussion it is clear that supply and demand are related to each other.

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