SkylerBGhost SkylerBGhost
  • 07-05-2020
  • Business
contestada

What is the difference between the law of supply and the law of demand

Respuesta :

alexaalex alexaalex
  • 07-05-2020

Answer:

The law of supply states that the quantity of a good supplied (i.e., the amount owners or producers offer for sale) rises as the market price rises, and falls as the price falls. Conversely, the law of demand (see demand) says that the quantity of a good demanded falls as the price rises, and vice versa.

Explanation:

Answer Link

Otras preguntas

What is four hundred twenty times six
Rural -to-urban migration was primarily motivated by ?
What are 3 forms can acid precipitation take
ben has 3 times as many guppies as goldfish if he has a total of 20 fish how many guppies does have?
What percentage of water is lost through the respiratory system?
Writing to explain Jill's family is putting new carpet in three rooms. The floor in one room is 120 ft. The second room is 252 ft, and the third room is 178 ft
State two ways of reducing the drag forces on a bicycle
State two ways of reducing the drag forces on a bicycle
what is ax-b=c for x
explain how to subtract 247 from 538
good job