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

xxsaaaaaaaaaaaaaaaaaaaaaaa
Which must an animal do in order for cellular respiration to begin?
A recent finding suggests that the African spiny mouse is capable of regenerating new hair, glands, dermal tissue and cartilage following wound healing. What fe
Please answer thank you
Matteo is following this recipe to make a cake. He wants to make four of these cakes. How much of each ingredient does he need? Recipe: Makes 1 cake 3 ounces
What is the BEST way to receive a compliment? A. Thank the person B. Change the subject C. Ignore the compliment D. Disagree with the person
The area of the parallelogram below is ____ square meters. A parallelogram with height labeled with 8 meters. The top horizontal side is labeled 6 meters. The b
What is 300% of 8? * 2400 24 240 0.24
8. Solve for x: 3x + 8x = 44 A x= 4 B x= 44/11 C x= 11 D x=33
help please and thank you ​