demand and supply

jazmin · #1 May 14, 2007, 05:34 PM

What effect will a rise in the price of a product have on its demand and its supply?

Skell · May 14, 2007, 05:59 PM

I have an idea but i would like to know what do you think first?

Sharpe · Jul 5, 2007, 03:28 PM

If the price is risen then the demand will go down because people don't want to spend more money. Its supply will go up because the producers are more willing to make expensive stuff



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