How does supply and demand affect consumers?

Question

Lance Larson

Mathematics

25 March, 15:43

How does supply and demand affect consumers?

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Answers (2)

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Moises Huerta · Answer 1

Supply and demand directly influences the price of the object the higher the lower the supply and higher the demand the pricier the object can sell for.

Ellie Beasley · Answer 2

If there is more of a demand for a certain item, producers tend to supply more of that item. The more demand that there is, the more supply there needs to be.