Summary:
- Lesson 13 focuses on the law of supply and demand and its impact on pricing and production quantity.
- The scenario presented involves a factory that produces 1,000 products per month, while merchants demand 1,200 products.
- Two solutions are suggested: increasing productivity or raising the price of the product.
- Increasing productivity may not be recommended as it would lead to higher wages for workers and lower profits.
- Raising the price of the product can reduce demand and increase profits, but if demand decreases, the price may need to be lowered to stimulate demand and avoid financial loss.
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