notoneofdem0987 notoneofdem0987
  • 03-03-2022
  • History
contestada

How can a change in demand for a product affect the products price?

Respuesta :

kirstincarter22 kirstincarter22
  • 03-03-2022

Answer:

if the demand is higher the price may increase and if there is low demand it would likely decrease

Explanation:

Answer Link
CandyCough3008 CandyCough3008
  • 03-03-2022

The rule of demand and supply means that any product in high demand will increase in price as more of the product is needed but not enough of the product is made to reach the demand. This makes it possible for suppliers to increase the price.

Answer Link

Otras preguntas

A broad thesis statement encourages your readers to learn something new. Question 1 options: 1) True 2) False
13 5/8 + 7/8= answer
Which of the following statements is true? Question 4 options: Nuclear decay rates vary with the conditions of the reaction, but chemical reaction rates do not.
Because of your favorite lemonade it is $3.84 for 3 gallons. Write this as an unit rate
Simplify x^3 /x Help
Condition of normal breathing called
What are some of the Miranda restrictions on questioning someone?
What type of disease causing organism is so small you must use a microscope to see it? A) carryon B) Pathogen C) protozoa D) vices
Consider these text features from Chapter 1 of Wheels of Change by Sue Macy. As the demand for bicycles grew in the 1890s, so did the demand for accessories—suc
how do you divide 9/4 divided by 10/3