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Market - Coggle Diagram
Market
Law of Demand and Supply
Price changes ( movement ): when the price is decreased automatically the demand goes up as customers will buy more. This is called "excess of demand" // when the price decreased the supply decrease too. This is called "excess of supply"
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If the price of the product decrease, the producers will want to sell less quantity. In this way, the demand will increase since consumers will want to buy a higher quantity of the product at a lower price.
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