Answer:
supply and demand are basically the backbones of every economy or 'free market'. when there is an increase in demand of any particular commodity, its supply is directly affected and ultimately drops. Invariably an increase in supply also leads to a decrease in demand, this is because such commodity or product becomes excess in the market. Also, at higher prices, producers of a particular product will supply more of the product and at lesser prices customers will demand less of it. Time is also a key factor in supply because suppliers will only react to a demand if they are given enough time and not otherwise
Step-by-step explanation: