People will buy more of a good when its price falls and less when its price rises, according to the _______.

Question

anonymous · Answer

value?

anonymous · Answer

or market?

anonymous · Answer

hmm idk

anonymous · Answer

maybe market

anonymous · Answer

thats sounds right? dont you think?

anonymous · Answer

yea

anonymous · Answer

the law of supply and demand

anonymous · Answer

wtf theres only a little space nits not so big

anonymous · Answer

you could only write small words

anonymous · Answer

@BamBamKillsZombies  i agree with @JoshXD but can u confirm?

anonymous · Answer

price maybe?

anonymous · Answer

look if this noob is gona tell you the answer then let him i already gave u my opinion

anonymous · Answer

If there is a surplus of a product then the price will drop so that consumers will buy more for less, if the amount of a product is dwindling then it is most likely in high demand and will have a higher price.

anonymous · Answer

@JoshXD i respect you!!!!!!

anonymous · Answer

oooohhhhhh

anonymous · Answer

But I may be wrong. I doubt the answer is price though cuz that word is in the question...

anonymous · Answer

that is bassically the market you are talking about @BamBamKillsZombies

anonymous · Answer

market told ya dude

anonymous · Answer

*hugs* @JoshXD

anonymous · Answer

whydo you think i got so many points and the achievement its cause it tell the truth

anonymous · Answer

Then there ya go, teamwork. The answer is market.

anonymous · Answer

medal at least?

anonymous · Answer

Being wrong doesn't mean you're lying... it means you knew a faulty truth.

anonymous · Answer

@JoshXD  and @BamBamKillsZombies  u mah ni.i.gi bruh

anonymous · Answer

Dahhh XD

anonymous · Answer

thank you guys

anonymous · Answer

@BamBamKillsZombies im looking this over actually you are right

anonymous · Answer

The law of supply and demand is not an actual law but it is well confirmed and understood realization that if you have a lot of one item, the price for that item should go down. At the same time you need to understand the interaction; even if you have a high supply, if the demand is also high, the price could also be high. In the world of stock investing, the law of supply and demand can contribute to explaining a stocks price at any given time. It is the base to any economic understanding.

anonymous · Answer

so it is the law of supply and demand then/...

anonymous · Answer

Yes.

anonymous · Answer

thanks @Niko_De_Angelo and @BamBamKillsZombies

anonymous · Answer

But don't forget; you need to understand the interaction; even if you have a high supply, if the demand is also high, the price could also be high.

anonymous · Answer

got it