Answered

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9. Price changes affect supply and demand, and supply and demand can affect price.

A. True
B. False

Sagot :

GinnyAnsweridn

Final answer:

The relationship between price changes, supply, and demand is crucial in economics.


Explanation:

True. Price changes affect supply and demand and supply and demand can affect price. This relationship is fundamental in economics, as depicted by the Law of Supply and Law of Demand. For example, if the price of a product increases (affecting demand), producers tend to increase their supply to capitalize on the higher prices.


Learn more about Price changes affecting supply and demand here:

https://brainly.com/question/27923040


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