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How do supply and demand help determine the price of a product?
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How do supply and demand help determine the price of a product?

User Suraj Rawat
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2 Answers

4 votes

Answer:

if supply is low but demand is high the price will go up due to limited supply however if demand is low and supply is high the price will be lower because there is a surplus of supplies and not very many people buying it

Step-by-step explanation:

User Konchog
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1 vote

Answer:

By creating a balance between buyers who want low prices and sellers who want high prices

Step-by-step explanation:

User Brice
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