79.7k views
5 votes
What effect did the principles of supply and demand have on buisnesses and industries

User AnjoMan
by
7.9k points

1 Answer

6 votes

Supply influences the amount of a product that can be sold. If there is a high demand for a product that has a limited supply, the price of the product will rise.

User Aashish Upadhyay
by
8.2k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.