What might happen if the demand for a product were to go up

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asked Jul 26, 2019 125k views

2 Answers

Dmitri Safine · Answer 1 · 2019-07-27T22:02:18+0000

If the demand increases, and the supply remains the same, there will be a shortage. If the demand decreases, and the supplyremains the same, there will be a surplus. This will mean the price will go down.

What might happen if the demand for a product were to go up

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