Demand helps you to know who would want to buy a product at a price through market research, knowing the demand for a product or service can help businesses to increase sales by adjusting their pricing, it can also help them to avoid costly mistakes like making too much of a product.
If supply decreases, prices may continue to increase. Supply and demand have an important relationship that determines the prices of most goods and services. Many companies analyze this market relationship while making strategic production decisions
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