What is the law of supply and demand?

The law of supply and demand states that the price of a good or service is determined by the relationship between its supply and the demand for it. If demand exceeds supply, prices tend to rise; if supply exceeds demand, prices tend to fall.

How does supply and demand affect market prices?

When demand for a product increases and supply remains constant, prices tend to rise. Conversely, when supply exceeds demand, prices typically decrease as sellers compete to sell their goods.

Can supply and demand be influenced by factors other than price?

Yes, supply and demand can be affected by factors such as changes in consumer preferences, technological innovations, government policies, and external economic conditions. These factors can shift the supply curve or demand curve, influencing market prices.

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What is SUPPLY AND DEMAND?

SUPPORT LEVEL

Support level is a price point on a chart where an asset faces buying pressure.

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