Answer:
When Demand < Supply
Price reduces
Case II
Demand > Supply
Price increases
Explanation:
There are two cases with these two factors in determining the price of goods and service
Case I
When Demand < Supply
In this case there are several providers of goods and services and there is over production as compared to the demand which leads to reduction in price.
Case II
Demand > Supply
When the demand is higher than supply, the price of goods and services shoot up
