InterviewSolution
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InterviewSolution
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Now A Question May Arise, What Is Relation Between Demand, Supply, Cost Going Up? |
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Answer» PEOPLE has excess of money holding with them, which forces them to spend it, by which the demand is going up for the respective product but the SUPPLY is same/constant, SIMPLE rule APPLIES here, demand is high, supply not reaching demand, PRICE is high. People has excess of money holding with them, which forces them to spend it, by which the demand is going up for the respective product but the supply is same/constant, simple rule applies here, demand is high, supply not reaching demand, price is high. |
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