Effect of Demand and supply

All QuestionsCategory: Secondary SchoolEffect of Demand and supply
User AvatarJulius asked 3 years ago

Click here to ask a question and get an answer published in the forum. Read our disclaimer.

Get paid for every topic you create in: Shoutam.com Forum!MAKE-MONEY

1 Answers
Loveth answered 3 years ago

If there is an increase in supply for goods and services while demand remains the same, prices tend to fall to a lower equilibrium price and a higher equilibrium quantity of goods and services.

Click here to ask a question and get an answer published in the forum. Read our disclaimer.

Get paid for every topic you create in: Shoutam.com Forum!MAKE-MONEY

Your Answer

7 + 6 =