What Is the Law of Supply and Demand?

Answer

The law of supply and demand is that the demand for a certain product and the supply of that product will determine the price. An example of supply and demand is if the demand for gas goes up but the supply stays the same then the price will rise. If the demand goes goes down and the supply stays the same then the price will drop.
Q&A Related to "What Is the Law of Supply and Demand"
An example of the Law of Supply is: The price of an object increased, so the quantity supplied of that object also increased.
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Law of supply in Economics is when suppliers tend to offer goods at a higher price as the demand does up. At lower prices, smaller quantities of a good is supplied.
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An example of the Law of Supply is as the price of a good increases, suppliers
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Economists refer to the line showing the relationship between the price of an item and the number of units available for sale at that price as the supply curve. Similarly, the line
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