quiz\nquestion 8 of 10\nhow does the law of supply and demand affect a consumer?\nit can affect the…

quiz\nquestion 8 of 10\nhow does the law of supply and demand affect a consumer?\nit can affect the production costs when consumers make things\nit has no affect on the consumer since they are not demanding things\nit can affect the price and availability of goods and services\nit has no affect on the consumer since they are only supplying things

quiz\nquestion 8 of 10\nhow does the law of supply and demand affect a consumer?\nit can affect the production costs when consumers make things\nit has no affect on the consumer since they are not demanding things\nit can affect the price and availability of goods and services\nit has no affect on the consumer since they are only supplying things

Answer

Brief Explanations:

The law of supply and demand determines market - clearing prices and quantities. Consumers are directly affected as it influences the price they pay and the availability of goods and services they want to consume. Higher demand with limited supply raises prices and may reduce availability, while lower demand with excess supply can lower prices and increase availability.

Answer:

It can affect the price and availability of goods and services