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Shakira Chowdhury, Period #1, Supply and Demand, PowerPoint (BIBLIOGRAPHY,…
Shakira Chowdhury, Period #1, Supply and Demand, PowerPoint
LAW OF DEMAND
If the price of a good or service increases, the demand of the good or service decreases.
If the price of a good or service decreases, the demand of a good or service increases.
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LAW OF SUPPLY
If the price of a good or service increases, the supply increases.
If the price of a good or service decreases, the supply decreases.
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