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Respond to this discussion The law of supply and demand states that if the supply of a thing increases based on the demand, the price
Respond to this discussion The law of supply and demand states that if the supply of a thing increases based on the demand, the price will fall. If the demand is drastically higher than the supply, prices will rise. Businesses sometimes keep the supply low to keep the demand and prices high
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Managerial economics applications strategy and tactics
Authors: James r. mcguigan, R. Charles Moyer, frederick h. deb harris
12th Edition
9781133008071, 1439079234, 1133008070, 978-1439079232
