Question

Explain the law of supply and demand​

Answer 1

The law of supply is that the quantity of a good supply goes up as the market price rises, and falls as the price falls. The law of demand is that the quantity of a good demanded falls as the price rises, and vice versa.

Answer 2

Answer: The law of supply and demand is that as your supply raises your demand drops and visa versa.

Example: Supply:++++++++

Demand:++

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Supply:++

Demand:++++++++