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BUS 210 Week 1 Discussion Question 2

BUS 210 Week 1 Discussion Question 2 - When there is a high...

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BUS 210 Week 1 Discussion Question 2 The law of supply and demand is that when the price is high then the demand will be low. On the other hand, when the price is low, the demand will be higher. Now when the quantity is low, the price will be higher and vice versa.
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Unformatted text preview: When there is a high demand for something, the company will tend to want to raise prices so that they are able to make more money. If the demand is low, they will lower prices at times to get people to buy the product....
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