Respuesta :
According to the law of supply and demand, the price of copper is directly related to the rate of its production.
The quantity of a good supplied, or the amount owners or producers offer for sale, is said to increase as the market price increases and decreases as the price decreases according to the law of supply. In contrast, the law of demand (see demand) states that when a good's price increases, less of it is sought and vice versa.
A basic tenet of economics is that when there is more supply than demand for an item or service, prices decline. Prices typically increase when demand outpaces supply. When demand is constant, there is an inverse relationship between supply and prices of products and services.
The link between supply and demand is crucial because it helps to establish the costs and availability of the majority of goods and services in a given market. The interplay between supply and demand eventually balances out in accordance with the tenets of a market economy.
To know more about supply and demand refer to: https://brainly.com/question/13353440
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