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31 March, 04:19

According to the law of supply, price and quantity move

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  1. 31 March, 04:43
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    If a price of a product rises, then the amount of those products offered by suppliers will rise as well. The opposite works the same way: if the price decreases, then the amount of offered products decreases as well.

    The logic is: if you see that you can sell something for more money, then you have a reason to produce more of that, because there is a high demand.
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