The Factors that Cause Shifts in Supply and the importance of Demand
The factors that cause shifts in supply and the importance of demand are examined.
- What is the law of supply, and what are the factors that cause shifts in supply?
- What is the law of demand and why is it important?
- Why does an increase in the price of goods and services trigger a decrease in demand?
Answer the above questions in a few sentences
Be thorough and provide additional research citing real-world examples.
Cite your sources.
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