The Theory of Demand and Supply Quiz

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What is the theory that explains the relationship between demand and supply?

Theory of demand and supply

What happens when demand exceeds supply?

Prices increase

What does the theory of demand and supply describe?

The relationship between price and quantity demanded

Test your knowledge of the theory of demand and supply with this quiz! Discover the relationship between demand and supply, understand what the theory describes, and explore the consequences when demand exceeds supply.

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