Social - Assessment

The law of Demand is........

• If the price is high, demand will move up

• If price is low, demand will be stable

• If the price is low, demand will move down

• If the price is high, demand will move down

The law of supply is

• when the price is high, supply will decrease

• when the price is low, supply will increase

• when the price is high, supply will stable

• when the price is high, supply will increase

The factor of demand and supply that can be the main factor of all,

also, connect with LAW..... is

• the amount of citizen

• Location

• Price

• Sallary/Income

Based on your opinion,

Explain why "the amount of producer/company" will determine the supply will be high or low...

also, give me one real example!