Sagot :
Answer:
Explanation:
macroeconomics
law of supply and demand
decrease in demand causes excess supply to develop at
the initial price
in an extreme example
a luxury item has a very low demand but very high price
supply would increase because the company wants more profit
not just from the company's competitors entering the market
gas prices are a function of market supply and demand. Increases in natural gas supply generally result in lower natural gas prices, and decreases in supply tend to lead to higher prices. Increases in demand generally lead to higher prices, and decreases in demand tend to lead to lower prices
eia