The following graphs show what will happen to the supply curve for luxury SUVs if economists predict an increase in demand for this vehicle graph (D) This is in accordance with the law of supply.
In economics, demand is the quantity of an awesome that purchasers are inclined to and capable of buying at various costs at some point in a given time. the relationship between charge and quantity demand is also referred to as the demand curve.
Demand refers to the purchaser's desire and willingness to buy a service or product at a given duration or through the years. consumers must also have the potential to pay for something they want or want as decided through their disposable income finances.
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