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

How many times was a president elected who did not win the popular vote
How many ⅔ are in 2 if ⅔ in 1 is 3/2
Timur was making a presentation regarding how attackers break passwords. His presentation demonstrated the attack technique that is the slowest yet most thoroug
3. Janae saves dimes and quarters in a jar on her dresser. Janae has 35 coins in the jar for a total of $6.50. She has 5 more quarters than dimes. How many quar
HELP PLEASE !!!!!!!!
Martha has begun learning about "mobile broadband," and likes the data transfer speed it offers. Her hope is to work with an organization that has ties to Asia,
The specialization by individuals or groups in the performance of specific economic activities is
12. What is probability? How does probability relate to genetics?
x+8=2(x+4)-x is it one solution, no solution, or infinite solution.​
What is the answer I'm thinking all of them but I'm not forsure ​