The relationship of Demand and supply of a commodity with respect to its price??
Answers
Answered by
1
Explanation:
There is an inverse relationship between the supply and prices of goods and services when demand is unchanged. If there is an increase in supply for goods and services while demand remains the same, prices tend to fall to a lower equilibrium price and a higher equilibrium quantity of goods and services.
Similar questions
English,
6 hours ago
English,
11 hours ago
Math,
11 hours ago
Hindi,
8 months ago
Social Sciences,
8 months ago