How do the laws of supply and demand affect ongoing business, and what policy or system could you use to help? Please give one example of an effect of supply or demand and then describe how you would manage the situation. Please be detailed and specific with a tangible example.

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter11: Marketing And Distribution
Section11.1: The Charging Role Of Marketing
Problem 6R
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How do the laws of supply and demand affect ongoing business, and what policy or
system could you use to help? Please give one example of an effect of supply or
demand and then describe how you would manage the situation. Please be detailed
and specific with a tangible example.

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