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Activity 2. SUPPLY AND DEMAND CUPCAKES
1. Why did the cost of cupcake raise when there was only one cupcake?
2. Why did the cost of the cupcake lower when there was enough cupcake for everyone?​


Sagot :

Because of what we call market equilibrium where prices tends to change depending on the availability of the supply (shortage or low supply but high in demand= increase of price so that the number of demands will increase for a reason that we all want a lower prices) (Surplus where supply is greater than the demand= lower the price so that people will be tempted to buy the product) hope this helps