bumbletumble508
bumbletumble508 bumbletumble508
  • 31-03-2022
  • Social Studies
contestada

Why do businesses study supply and demand?​

Respuesta :

BettyOnBoard
BettyOnBoard BettyOnBoard
  • 31-03-2022

Answer:

Businesses study supply and demand to better understand how to price their goods.

Explanation:

In economics, the law of supply and demand defines the relationship between the price of a good or service, and the demand for that resource. Studying this relationship can help businesses determine how to price their goods so that they are making a profit, but their buyers are still willing to pay the amount.

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