asked 79.7k views
5 votes
What effect did the principles of supply and demand have on buisnesses and industries

asked
User AnjoMan
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1 Answer

6 votes

Supply influences the amount of a product that can be sold. If there is a high demand for a product that has a limited supply, the price of the product will rise.

answered
User Aashish Upadhyay
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8.2k points
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