Biology
MaryaArgro
67

Explain the law of supply and demand, and give an example of how it relates to the environment.

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(1) Answers
Dboys

The law of supply states that the quantity of a good supplied increases as the price increases and vice versa. The law of demand states that the quantity of a good demanded decreases as the price increases and vice versa. These two laws determine what the consumers demands for and what the suppliers brings to the market.

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