Question.3108 - Demand and Supply
Answer Below:
The xxx of xxxxxx states xxxx given xxx other xxxxxx remaining xxxx as xxx price xx a xxxxxxxxx service xxxxxxxxx the xxxxxxxx demanded xxx that xxxxxxxx decreases xx other xxxxx there xx an xxxxxxx relationship xxxxxxx the xxxxx of x product xxx its xxxxxxxx demanded xxx amount xx a xxxx that xxxxxx purchase xx a xxxxxx price xx less xxxxxxx as xxx price xx a xxxx goes xx so xxxx the xxxxxxxxxxx cost xx buying xxxx good xx a xxxxxx people xxxx naturally xxxxx buying x product xxxx will xxxxx them xx forgo xxx consumption xx something xxxx they xxxxx more xxx example xx the xxxxx of x particular xxxxx increases xxx number xx shirts xxxxxxxx by xxx consumers xxxxx decrease xxxxxxxxx I xxxxx of xxx shirt xxxxx USD xxxxxxxx demanded xxxxx pieces xxxxxxxxx II xxxxx of xxx shirt xxxxx USD xxxxxxxx demanded xxxxx pieces xxxx can xx demonstrated xxxxxxxxxxx as xxxxx The xxxxx things xxxx should xxxxxx same xxx the xxxxxxxxx Habits xxxxxx and xxxxxxxx Income xx the xxxxxxxx Price xx related xxxxx Number xx buyersThe xxx of xxxxxx states xxxx given xxx other xxxxxx remaining xxxx as xxx price xx a xxxxxxxxx service xxxxxxxxx the xxxxxxxx supplied xxxx increases xx other xxxxx there xx a xxxxxx relationship xxxxxxx the xxxxx of x product xxx its xxxxxxxx supplied xxxxxxxxx supply xxxx at x higher xxxxx because xxxxxxx a xxxxxx quantity xx higher xxxxx increases xxxxxxx For xxxxxxx If xxx price xx a xxxxxxxxxx shirt xxxxxxxxx the xxxxxx of xxxxxx supplied xx the xxxxxxxxxxxx would xxxxxxxx Situation x Price xx the xxxxx ndash xxx Quantity xxxxxxxx ndash xxxxxx Situation xx Price xx the xxxxx ndash xxx Quantity xxxxxxxx ndash xxxxxx This xxx be xxxxxxxxxxxx graphically xx under xxx law xx demand xxx supply xxxxxxx our xxxxxxxxxx decisions xx a xxxxxxxxxx basis xxx example x would xxxx to xxx an xxxxx pair xx Nike xxxxx if x find xxxx the xxxxxx have xxx been xxxxxxx or x would xxxx to xxxx my xxxxxxx out xx McDonalds xxxx often xx I xxxxx that xxx price xx a xxxxxx has xxx been xxxxxxx Looking xx it xxxxxxxxxxx I xxxxx like xx highlight xxx following xxxxxxx Scenario xx budget xxx my xxxxxxxx party xx USD x decide xx take xx my xxxxxxx out xx McDonalds xxxx burger xxxxx me xxx So x can xx out xxxx friends xxxx once xxxxxxxx My xxxxxx for xx birthday xxxxx is xxxxx USD xxxxxxx the xxxx of xxxx burger xxx now xxxxxxx to xxx This xxxxx that x can xxx either xx out xxxx my xxxxxxx twice xx take xxxxxxx out xxx the xxxxx Therefore xx see xxxx the xxxxxxxxxxxx between xxxxx of xxxxxx and xxxxxxxx demanded xxx burger xx inverseMore Articles From Economics
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