199k views
3 votes
How are laws of supply and demand similar

User Shebuka
by
4.3k points

2 Answers

3 votes
They both upper and lower slope
User Yeoman
by
4.5k points
1 vote
Like the law of demand, the law of supply demonstrates the quantities that will be sold at a certain price. ... But unlike the law of demand, the supply relationship shows an upward slope. This means that the higher the price, the higher the quantity supplied.
User Foad
by
4.6k points