How supply and demand affect the price of a good

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asked Dec 8, 2023 148k views

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Mukund Samant · Answer 1 · 2023-12-14T07:22:32+0000

Answer:

According to the law of supply and demand, when the demand of a good exceeds supply, the price of the good tends to rise. But when the supply of a good exceeds demand, the price of the good tends to fall.

How supply and demand affect the price of a good

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