Explain supply and demand. Provide an example or real life scenario

These are examples of how the law of supply and demand works in the real world. A company sets the price of its product at $10.00. No one wants the product, so the price is lowered to $9.00. Demand for the product increases at the new lower price point and the company begins to make money and a profit.

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i hope this i spelt things wrong i believe but this is why

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