... example of this would be if the price of Coca-Cola were to increase sharply, consumers might switch to Pepsi due to the product being cheaper. A demand curve also shows and expresses the total relationship between price and demand in the economy for the good/service that is being considered. Overall this shows the demand of all the consumers added together. The law of supply demonstrates the certain quantities that will be sold at a certain price. Unlike the law of demand, the supply ... is known as a long term expansion of a country's productive potential. Short term growth is measured...

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