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When supply is higher than demand, prices will a) rise until the demand falls. b) rise until the supply falls. c) fall until the demand rises. d) fall until the supply rises.

Ramon Kelly

in Social studies

1 answer

1 answer

Samantha Barber on November 28, 2018

c) fall to the rising demand.The law of supply and demand describes the interaction between the supply and demand of resources. Describes the effect that the accessibility of certain goods and the demand of that product in its value. Usually, low the supply of products and high demand raise the price. In contrast, if the supply is greater and demand is lower, the value leads to the decline.

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