How do the "laws of supply and demand" operate in a market economy?

asked Dec 24, 2021 98.3k views

3 votes

4.5k points

Please log in or register to add a comment.

4 votes

Answer:when demand increases and supply remains the same, the higher demand leads to a higher equilibrium price and vice versa.

Guno answered Dec 30, 2021

by Guno

5.3k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.2m questions

6.8m answers