Economic Systems, and Supply and Demand Flashcards

Economic Systems, and Supply and Demand

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Question

Which statement describes the law of supply and demand?

Answer

Price follows demand., When demand is low, price will be low., Price is opposite of supply.

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Economic Systems, and Supply and Demand

0 / 17

Question

Answer

Price follows demand., When demand is low, price will be low., Price is opposite of supply.

Know itStill learning

Card 1 of 17