Why when the Demand is High, the price is also high? Because if the supply is down because of the demand When the demand wants the supply, the supply will be low When the supply low and the demand is high, the price will be high to get more profit when the supply is low
When the Demand is low, the price will be low also? Because the factory or shop is on the way to bankrupt They find the way to save their factory and shops Sometimes they give the discount to attract more demand After the demand is stabilized, they put the discount into normal price again
The law of Supply The law of supply is the tendency of suppliers to offer more of a good at a higher price The relationship between price and quantity supplied is usually a positive relationship When the quantity produces higher, the price also high That’s the theory
The Law of Demand The law of demand is an economic law that states that consumers buy more of a good When its price decreases and less when its price increases The greater the amount to be sold, the smaller the price at which it is offered must be in order for it to find purchasers.
Your consent to our cookies if you continue to use this website.