posted by Anonymous on .
When do the laws of supply and demand have less effect on prices?
a) when a good or service is new
b)when outside factors cause changes (my choice)
c) when buyers dislike the prices that sellers change
d) when sellers want to make more money
All of the above??
b can be true, depending on the outside factors. Coming to mind, is government price controls.
It seems like b is the best, although I think there is supply and demand involved in that too.
the question says which is LEAST