How does Supply and Demand work? (1 point) Responses As supply increases, demand increases As supply increases, demand increases As demand decreases, supply decreases As demand decreases, supply decreases As supply decreases, demand increases As supply decreases, demand increases Supply and demand are equal always
As supply increases, demand increases. Conversely, as supply decreases, demand increases. The relationship between supply and demand is such that when there is an increase in supply, it leads to an increase in demand. This can be due to various factors such as lowered prices, increased availability of a product, or improved quality. On the other hand, a decrease in supply often results in a decrease in demand as consumers are unable to find or afford the product. The equilibrium point where supply and demand are equal varies depending on market conditions and can fluctuate over time.
