Which Statement Best Describes The Relationship Between Supply And Demand - The law of supply states that a higher price leads to a higher quantity supplied and that a lower price leads to a. Web in economic terminology, supply is not the same as quantity supplied. When economists refer to supply, they mean the relationship. The law of demand states that a higher price leads to a lower quantity demanded and that a lower price leads to a. Web demand is a description of all quantities of a good or service that a buyer would be willing to purchase at all prices.
When economists refer to supply, they mean the relationship. The law of demand states that a higher price leads to a lower quantity demanded and that a lower price leads to a. The law of supply states that a higher price leads to a higher quantity supplied and that a lower price leads to a. Web demand is a description of all quantities of a good or service that a buyer would be willing to purchase at all prices. Web in economic terminology, supply is not the same as quantity supplied.