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What is a sentence with the words supply and demand?
Weekly sales ads are subject to the law of supply and demand.
Explain the say's law in economics?
states that supply creates its own demand.
Law of demand and supply?
Consumers is the law of supply and demand.
Explain the law of supply in your own words?
Law of supply: If demand is held constant, an increase in supply leads to a decreased price, while a decrease in supply leads etc
What According to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
When according to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
Law of supply and demand which one starts?
In the law of supply and demand, the first to start is the demand as customers are wanting the particular service or product that is being offered.
Law of economics?
Supply and demand.
What are the Keynes' critiques on classical economics?
One of the main critiques is on say's law, which is that supply creates its own demand. In a nutshell Keynes was able to explain the great depression by saying that demand creates supply. This is extremely simplified.
What does the law of demand suggest that most demand curves will be?
The law of supply predicts the supply curve will be upward sloping.
The law of supply and demand states that the greater the demand for a limited supply of something?
the more it worth
How does the law of supply and demand increase and decrease in supply?
ty
