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Explain why it is important that prices are flexible. Analyze if you were a manager of a store and how would you deal with a surplus and a shortage. Explain how the law of demand relates to a recent purchase
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35 votes
Explain why it is important that prices are flexible. Analyze if you were a manager of a store and how would you deal with a surplus and a shortage. Explain how the law of demand relates to a recent purchase that you have had to make.

User Dease
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7 votes

Answer:

Price Flexibility is one of the most important practices in our economy to maintain the law of demand and supply. It is also very helpful in the price.

Step-by-step explanation:

User Qiau
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