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Reflecting on the product or service of your current or past employer discuss the law of...

Reflecting on the product or service of your current or past employer discuss the law of supply and demand. How the increase of decrease of the demand affect the supply?
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The employer has to analyze and estimate demand and then provide the supply. Therefore based on demand in today's period the supplier estimates demand in next period and produces accordingly. Again since the supply has to be within the plant capacity therefore when capacity is almost exhausted then prices are raised in response to demand. Thus the rise in demand raises price, that is producers supply more at higher price which is law of supply. Again if the price change is on part of sellers to begin with, i.e. they without any change in demand raise price ten the consumers will demand less of the good which illustrates the law of demand

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