204k views
4 votes
What is the law of demand and supply




1 Answer

4 votes

Answer:The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines what effect the relationship between the availability of a particular product and the desire (or demand) for that product has on its price.

Step-by-step explanation:

User Shakilur
by
6.8k points