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21 January, 00:59

If the demand for a good or service increases, how will prices effect supply?

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  1. 21 January, 03:53
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    if the demand of a good or service is up and supply is down the price will go up but if demand is down and supply is up prices go down
  2. 21 January, 04:15
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    If demand increases (decreases) and supply is unchanged, then it leads to a higher (lower) equilibrium price and quantity. If supply increases (decreases) and demand is unchanged, then it leads to a lower (higher) equilibrium price and higher (lower) quantity.
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