breedlovejeramoqs0yw breedlovejeramoqs0yw
  • 02-06-2017
  • Social Studies
contestada

According to the law of demand, price and quantity move

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ddkeaton123
ddkeaton123 ddkeaton123
  • 02-06-2017
yes they move based on each other and are controlled by the seller not the consumer  
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MaliaTur MaliaTur
  • 02-06-2017
If a price of a product rises, then the amount of those products offered by suppliers will rise as well. The opposite works the same way: if the price decreases, then the amount of offered products decreases as well.
The logic is: if you see that you can sell something for more money, then you have a reason to produce more of that, because there is a high demand. 
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