question 8 1 pts the law of demand and supply states: when theres more supply than demand, prices go down…

question 8 1 pts the law of demand and supply states: when theres more supply than demand, prices go down. when theres more demand than supply, prices go up. true false

question 8 1 pts the law of demand and supply states: when theres more supply than demand, prices go down. when theres more demand than supply, prices go up. true false

Answer

Brief Explanations:

The law of demand and supply indeed states that when supply exceeds demand, prices go down, and when demand exceeds supply, prices go up. This is a fundamental principle in economics.

Answer:

True