The best way to define Supply and Demand Law

Supply and Demand Law

The Supply and Demand Law describes the relationship between product price and people’s inclination to buy or suppliers to sell it. The law says that when prices are high, buyers will decrease their product demand and vice versa. Inversely, suppliers will supply more products when prices are high and vice versa. Nevertheless, the reality is much more complex than this. Thus, many other elements can affect demands. For more information, visit Jon Ane, The Rosetta Stone of Strategy.

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