The amount of goods and services that are available for purchase compared to what people want to buy. if less of a product than the public wants are produced, the law of supply and demand says that more can be charged for the product. what is the impact of supply and demand regarding business? what risks are associated with market fluctuations and how does this affect profits?

Answer rating: 100% (QA)

The law of supply and demand is a fundamental economic principle that affects businesses in several ways Pricing When the supply of a product is less than the demand businesses can charge higher price... View the full answer