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History 17 Online
OpenStudy (anonymous):

The law of supply and demand relates to the relative price of goods and services. the rate of unemployment. the income tax structure. the campaign against consumer fraud.

OpenStudy (anonymous):

@paki

OpenStudy (paki):

what u think here about the answer...?

OpenStudy (anonymous):

the income tax structure. ?

OpenStudy (paki):

"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."

OpenStudy (paki):

so what u think about the answer now... ?

OpenStudy (anonymous):

the relative price of goods and services. ? @paki

OpenStudy (anonymous):

It is the first one, yes.

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