demand and price problem

User Generated

eefreefrq

Economics

Description

 is there a siutuation that the price up,and demand up too?

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Explanation & Answer

Market Equilibrium: A situation in a market when the price is such that the quantity demanded by consumers is correctly balanced by the quantity that firms wish to supply. Means if price go high, demand will also go high. If price go low, demand will also go down.


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