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susflavidlaurendre
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  • 12-03-2016
  • Business
Answered

What would prices do if a product was abundant?

Adrop
Brise
Cstay the same
Dgive a better value

Verified Answer :

alexjenkinson2 alexjenkinson2
  • 12-03-2016

Prices would drop due to the flooding of the market on the one product. The economy revolves around the concept of Supply and Demand. When supply is low, and demand is high, prices will be driven up. and Visa Versa

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