question 8\nthe law of demand and supply states: when theres more supply than demand, prices go down. when…

question 8\nthe law of demand and supply states: when theres more supply than demand, prices go down. when theres more demand than supply, prices go up.\ntrue\nfalse\nquestion 9\nin economics, what is the main difference between consumers and producers? consumers buy goods and services while producers

question 8\nthe law of demand and supply states: when theres more supply than demand, prices go down. when theres more demand than supply, prices go up.\ntrue\nfalse\nquestion 9\nin economics, what is the main difference between consumers and producers? consumers buy goods and services while producers

Answer

Brief Explanations:

The law of demand and supply states that when supply exceeds demand, prices tend to fall, and when demand exceeds supply, prices tend to rise. Also, consumers are the ones who purchase goods and services, while producers create and sell them.

Answer:

Question 8: False Question 9: Consumers buy goods and services, producers make and sell them.