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Gerald Levine
Business
5 October, 17:02
The law of supply and demand asserts that
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Farmer
5 October, 17:32
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The law of supply and demand asserts that the price of a good will tend to increase as a result of excessive demand for that particular good. Furthermore, the basic principle of the law of supply and demand states the supply will increase as the market price increases and at the same time, the demand increases when the market price decreases.
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